The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open flat today, the USA’s S&P 500 Index
(.INX) went up 0.05% on Wednesday.
Australian Dollar ($A) (AUDUSD): 71.43US cents
Dow Jones (DJI): up 0.7%
Oil (WTI): $US52.61 per barrel
Gold: $US1,283 per ounce
ASX Sharemarket News
In ASX sharemarket news, Challenger Ltd (ASX: CGF) will be in the spotlight today after its significant fall yesterday due to an earnings expectation downgrade for FY18. The funds management business said market declines has hurt the upcoming half year profit result and it isn’t expecting much profit growth for the whole of FY19.
Challenger shares fell over 17% yesterday, so market watchers will be eager to see if there are further falls or if Challenger will rebound. We will just have to see what happens.
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Lithium miner Galaxy Resources Limited (ASX: GXY) has reported its quarterly activities report for December 2018. The business reported production of 33,780 dry metric tonnes (dmt) of spodumene concentrate at the Mt Cattlin operations.
At the Sal de Vida Project the tenement transfer deeds for sale of the northern tenement package to POSCO has been executed. The Environmental and Social Impact Assessment has been submitted to various authorities in Canada for evaluation of the James Bay Project.
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Coles Group Limited (ASX: COL) announced that it has executed definitive contracts with WITRON to develop the two new automated ambient distribution centres in Queensland and New South Wales.
The supermarket business also announced it has entered into agreements for lease catering for the development of the distribution centres at Redbank in South-west Brisbane with Goodman Group (ASX: GMG) and Kemps Creek in western Sydney with a joint venture of Goodman and Brickworks Limited (ASX: BKW). The term of each lease will be 20 years.
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