The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.16% on Monday.
Australian Dollar ($A) (AUDUSD): 71.07US cents
Dow Jones (DJI): up 1.27%
Oil (WTI): $US61.57 per barrel
Gold: $US1,288 per ounce
ASX Sharemarket News
In ASX sharemarket news, big banks like Commonwealth Bank of Australia (ASX: CBA) could be under scrutiny this morning with Corelogic revealing its latest monthly price index showing that Australian house prices fell again in March 2019.
The Corelogic national hedonic index shows Sydney house prices fell 0.8% last month, Melbourne house prices dropped 0.8%, Brisbane house prices declined 0.6%, Perth prices dropped 0.4% and Adelaide prices fell 0.2%.
Canberra prices were flat whilst Hobart prices increased 0.6%. Nationally, house prices declined by 0.6%. National house prices have now fallen 7.4% since peaking in October 2017.
Corelogic Head of Research Tim Lawless said: “While the pace of falls has slowed in March, the scope of the downturn has become more geographically widespread.”
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Diversified resource business BHP Group Ltd (ASX: BHP) has given an update about the effects of Tropical Cyclone Veronica.
Although BHP’s inspections show now major damage, there is isolated flooding both on site and sections of the rail leading into the port. Therefore it won’t be until later this month when operations are back to full capacity.
Due to the effects of the cyclone, production is expected to be reduced by approximately 6 million to 8 million tonnes. BHP will update its product and unit cost guidance soon.
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Software business Bigtincan Holdings Ltd (ASX: BTH) has upgraded its revenue guidance for FY19.
Previously, the sales software business was predicting revenue growth of 35% to 40% and now it expects revenue growth to be above 40%.
Bigtincan Co-Founder and CEO David Keane said: “Today’s update reflects continued strength in Bigtincan’s business from new lighthouse customer wins and expansion in revenue from existing customers as users see increasing value in the use of the Bigtincan Sales Enablement platform.”
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