The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) fell by 0.48% on Monday.
Australian Dollar ($A) (AUDUSD): 69.74US cents
Dow Jones (DJI): down 0.43%
Oil (WTI): $US57.56 per barrel
Gold: $US1,395 per ounce
ASX Sharemarket News
In ASX sharemarket news, Coles Group Limited (ASX: COL) has signed a deal with Microsoft so that it can use artificial intelligence and other types of digital systems to improve its supply chain, customer engagement and workforce according to the Australian Financial Review.
Coles is signing up to Microsoft’s Azure, Dynamics 365 enterprise resource planning software and workplace suites.
What Coles wants to build is a platform that helps store managers with forecasting, shelf stock and other initiatives to help operations and improve the customer experience.
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Packaging business Orora Ltd (ASX: ORA) has announced that after a decade of leading the company, Nigel Garrard is going to retire.
Brian Lowe, who has been at the company since 2011, will become the new CEO and Managing Director. Mr Lowe is currently the Group General Manager of the Orora Fibre Packaging Group. Before that he was Managing Director of the Asia Pacific Powertrain business at Delphi Technologies.
Orora Chairman Chris Roberts said: “After completing a comprehensive internal and external succession planning process, I am delighted that someone of Brian’s calibre will lead Orora into the future. He is an experienced leader, with a deep knowledge of the business and a demonstrated ability to drive performance.”
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G8 Education Ltd (ASX: GEM) shares will be on watch this morning after it dropped by almost 10% yesterday due to a broker note.
The childcare operator has been quite volatile over the past year due to concerns about occupancy.
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