The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.21% on Friday.
Australian Dollar ($A) (AUDUSD): 70.43US cents
Dow Jones (DJI): down 0.09%
Oil (WTI): $US56.07 per barrel
Gold: $US1,299 per ounce
ASX Sharemarket News
In ASX sharemarket news, machine learning company Appen Ltd (ASX: APX) has gone into a trading halt this morning.
The trading halt is in relation to a proposed material acquisition and capital raising, including an institutional element as well as a share purchase plan for regular investors.
Appen expects the trading halt will have finished by the start of trade tomorrow, it expects to have made the announcement regarding the acquisition by then.
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Gold miner Newcrest Mining Limited (ASX: NCM) is also in the news this morning due to a material transaction.
Newcrest has entered into an agreement with Toronto stock exchange listed business Imperial Metals Corporation to acquire the operatorship and 70% stake of the Red Chris mine and surrounding tenements in British Columbia for US$806.5 million.
Red Chris is a copper-gold operating open-put mine with mineral resources of 20 million ounces of gold and 13 billion pounds of copper.
Newcrest CEO Sandeep Biswas said: “We are delighted to add this asset into the Newcrest portfolio. Following due diligence, we believe we can bring our unique technical capabilities to unlock the full value potential of this orebody in one of the premier gold districts in the world.”
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Santos Ltd (ASX: STO) has received a boost today after a non-binding memorandum of understanding has been signed between it, Beach Energy Ltd (ASX: BPT) and Key Petroleum Ltd (ASX: KEY) for connection and transport into the Cooper Basin gas gathering network, and gas processing at the Santos-operated Moomba Gas Processing Facility.
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