The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly lower Friday morning, according to data from the Sydney Futures Exchange.
Here’s the key headline data:
SFE ASX 200 futures: -10 points
Australian Dollar ($A) (AUDUSD): 77.28 US cents
Dow Jones (DJI): down 0.3%
Oil (WTI): $US68.34 per barrel
Gold: $US1,348 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished down 0.4% and 0.6%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and on the ASX, AMP Limited (ASX: AMP) has issued an incredible statement to the ASX titled, “AMP apologises unreservedly and acts to accelerate change“.
AMP is one of the five major banks and financial advice businesses to be questioned by the Royal Commission. Shockingly, AMP’s head of financial advice lost count of the number of times it misled ASIC, the regulatory body in charge of financial services.
In addition, as we wrote in this article, AMP said that there could be over 14,000 clients who were charged for advice, but no advice was ever given. AMP isn’t alone, of course.
AMP’s CEO Craig Meller will step down from the role with immediate effect with Mike Wilkins appointed as interim CEO. The group has established a board committee to conduct an immediate review of its reporting and governance.
In other news, Sydney Airport Holdings Ltd (ASX: SYD) released its monthly traffic statistics for March showing year-over-year growth of 3.5% and 11.1% in domestic and international passengers, respectively.
Fletcher Building Ltd (ASX: FBU) announced the institutional component of its capital raising was completed successfully. Retail shareholders on the company’s register as of yesterday will be invited to participate in the raising, the company said.
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