The S&P/ASX 200
(INDEXASX: XJO)(^AXJO) is expected to open lower today, according to futures trading in Sydney.
Here are the data points:
Australian Dollar ($A) (AUDUSD): 71.17 US cents
Dow Jones (DJI): down 1.99%
Oil (WTI): $US46.15 per barrel
Gold: $US1,244 per ounce
Sharemarket News
In sharemarket news, the US stock market continues to head south for Christmas. It isn’t a Santa rally this year, more like a Santa Rout. The S&P 500 Index (INX) was dragged lower overnight by another 1.58%. The biggest businesses in the world were a leading cause of that decline including the Apple share price which dropped 2.52%, the Amazon share price fell 2.29% and the Microsoft share price dropped 2.1%.
In local news, software business Integrated Research Limited (ASX: IRI) announced that current Chief Financial Officer (CFO) Peter Adams has been appointed as the Interim CEO when the current CEO John Merakovsky leaves the business.
Integrated Research Chairman Paul Brandling said of the new CEO: “Peter is a highly experienced executive who has distinguished himself as CFO and has deep knowledge and understanding of IRI’s global business operations and the software industry.
Wealth management platform business Onevue Holdings Ltd (ASX: OVH) announced that the business it acquired earlier this year, KPMG’s Super Member Administration business, has the re-commitment of Aon and EQT Holdings Ltd (ASX: EQT) to a further 3-year contract. Onevue is also working with Aon to support a range of services offered to Aon members.
The Onevue Managing Director Connie Mckeage said: “The Aon partnership affirms our mutual commitment to bringing super into the 21st century, leveraging all of the new tools available while also focusing on the end-member – not just their balance, but their overall financial wellbeing.”
Finally, Vista Group International Ltd (ASX: VGL) announced this morning that it has signed an enterprise agreement with Europe’s largest cinema operator, Odeon Cinemas Group. Odeon will use elements of Vista’s Managed Service and Cloud-ready products to deliver a ‘fully integrated guest experience’. The deployment is scheduled for 2020.
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