The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open flat on Wednesday morning, according to data from the Sydney Futures Exchange.
Here’s the key headline data:
SFE ASX 200 futures: +2
Australian Dollar ($A) (AUDUSD): 77.66 US cents
Dow Jones (DJI): up 1.8%
Oil (WTI): $US65.56 per barrel
Gold: $US1,343 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited
(ASX: RIO) finished up 3.5% and 3.1%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and on the ASX, New Zealand-based software business Pushpay Holdings Ltd (ASX: PPH) announced that it has doubled its revenue to $US70 million. Pushpay said its software, which allows religious people to donate to their charity, now processes over $US3 billion of donations annually.
“Surpassing US$3 billion in Annualised Processing Volume is a significant milestone for the business,” Pushpay CEO Chris Heaslip said. “Over US$3 billion per year is given to causes through Pushpay’s platform, supporting local communities in New Zealand, Australia, Canada and the US, and that is something we are very proud to be a part of.”
Kiwi infrastructure business Infratil Ltd (ASX: IFT) publicly released its Investor Day presentation this morning. Infratil updated the market on its 2019 financial year performance revealing that it expects to report an improved underlying operating profit (what it calls “EBITDAF“) but a lesser amount of operating cash flow.
“Infratil has indicated that confidence in [its] outlook is positive for continued growth in dividends per share, with potential for special dividends as development gains are realised.”
Finally, Afterpay Touch Group Ltd (ASX: APT) released an update to the ASX. The buy-now-pay-later company has recently been caught in the media’s crosshairs (read: “Afterpay Touch Group Ltd Shares Fall On ASX Update“).
This morning, Afterpay Touch Group provided an update on its third-quarter results, customer advocacy and proposed developments to its platform. Afterpay’s service processed $1.45 billion of underlying sales in the first three quarters of its current financial year and has over 1.8 million customers.
Read our news article on Afterpay’s 3rd Quarter Update here.
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