The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.05% on Tuesday.
Australian Dollar ($A) (AUDUSD): 71.75US cents
Dow Jones (DJI): up 0.26%
Oil (WTI): $US64.25 per barrel
Gold: $US1,277 per ounce
ASX Sharemarket News
In ASX sharemarket news, BHP Group Ltd (ASX: BHP) has announced its March 2019 update.
The resources giant said that its production guidance for FY19 remains unchanged for petroleum, copper, metallurgical coal and energy coal. However, iron ore production guidance decreased to between 265 Mt and 270 Mt, reflecting the impacts of Tropical Cyclone Veronica.
Full year unit costs for Petroleum, Escondida and Queensland Coal are expected to be in line with guidance, but Western Australia iron ore unit costs are now expected to be below US$15 per tonne and NSW Energy Coal unit costs are expected to be approximately US$51 per tonne.
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Brambles Limited (ASX: BXB) is another large cap to release its March 2019 quarter numbers.
The logistics business revealed sales revenue from continuing operations of US$3.4 billion for the first nine months of FY19, which was 7% higher compared to last year at the same foreign exchange rates.
But, the actual foreign exchange growth was only 2% due to the strong US dollar, which is Brambles’ reporting currency.
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Australian Pharmaceutical Industries Ltd (ASX: API) has reported its half year result to 28 February 2019.
The pharmacy business revealed total revenue growth of 6.6%, excluding the Hapatitis C medicine sales and PBS Reforms.
API reported that net profit was up 0.2% to $25 million, the underlying net profit was in line with last year’s result. A fully franked dividend of 3.75 cents per share has been declared, which was 7.1% higher than last year.
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