The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose 0.45% on Thursday.
Here are the data points:
Australian Dollar ($A) (AUDUSD): 71.85 US cents
Dow Jones (DJI): up 0.51%
Oil (WTI): $US52.52 per barrel
Gold: $US1,297 per ounce
ASX Sharemarket News
In ASX sharemarket news, Treasury Wine Estates Ltd (ASX: TWE) decided to put out an announcement after its share price fell yesterday with one of its rivals reporting a weak set of numbers.
In the Treasury Wine update, management said that it is very happy with the trading performance across all operating regions. The half year result of FY19 will show EBIT above consensus estimate of $332 million, being between $335 million and $340 million (click here to learn what EBIT means).
Treasury Wine confirmed its full year guidance for EBIT of growth of around 25%.
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Telstra Corporation Ltd (ASX: TLS) shares could come under scrutiny this morning with CEO Andy Penn attending the Consumer Electronics Show (CES) in Las Vegas.
According to the AFR, Australian consumers will be able to buy the first 5G-ready smartphones in Telstra stores by the end of June after it had signed deals with “more than one” smartphone manufacturer to get exclusive access to their first 5G-ready phones.
The AFR quoted Telstra CEO Andy Penn, “These strategic relationships are now paying off directly for our customers, who will soon have exclusive access to 5G-enabled devices on the nation’s largest and fastest mobile network, and other devices will also soon hit our stores“.
Telstra now has more than 200 5G mobile stations. Mr Penn believes 2019 will be the year of 5G.
Another blue chip featuring in the news over the past 24 hours was biotechnology business CSL Limited (ASX: CSL). Rask Media writer William Donnan considered yesterday whether the business is cheap after presenting at the JP Morgan Healthcare Conference.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).