The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.8% on Tuesday.
Australian Dollar ($A) (AUDUSD): 69.43US cents
Dow Jones (DJI): up 0.82%
Oil (WTI): $US61.34 per barrel
Gold: $US1,297 per ounce
ASX Sharemarket News
In ASX sharemarket news, takeover target paint business DuluxGroup Limited (ASX: DLX) released its half year result for the six months ended 31 March 2019.
Sales revenue was $892.9 million, which was 0.2% higher excluding the divested Chinese paints businesses.
EBIT grew by 0.5% to $109.1 million compared to the prior year adjusted EBIT (click here to learn what EBIT means). Net profit after tax (NPAT) was $68.2 million, 4.1% below last year’s adjusted net profit.
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The share market is expected to rise today as the United States President Donald Trump used his favourite communication tool to tweet that the tariff war is a “little squabble” and that talks have not collapsed.
This is unlikely to recover all of the losses this week felt by the share market. So we may see some businesses recover some of their share price falls today. For example, the Challenger Ltd (ASX: CGF) share price fell over 3% yesterday on share market falls so it may recover some of that today. But that’s just one example, there were many others.
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Gold miner St Barbara Ltd (ASX: SBM) has gone into a trading halt to announce a capital raising and an acquisition.
The money is being raised from institutional investors and the company will come out of the trading halt by the end of the week.
Disclosure: Jaz owns Challenger shares at the time of writing, but this could change at any time.
