ASX 200 (XJO) To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.23% on Thursday.

Australian Dollar ($A) (AUDUSD): 69.77US cents

Dow Jones (DJI): up 0.85%

Oil (WTI): $US60.35 per barrel

Gold: $US1,406 per ounce

ASX Sharemarket News

In ASX sharemarket news, Telstra Corporation Ltd (ASX: TLS) has been in the news for the wrong reason over the past day. A failure hurt the company’s electronic payments network which stopped people paying for goods and also meant people couldn’t withdraw money from ATMs.

The payment systems and ATMs of all four big ASX banks were affected. By 6:45pm most services were restored, Other areas that were affected were petrol stations, NSW Ambulance, supermarkets and Australia post.

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Software business Livetiles Ltd (ASX: LVT) has announced its annualised recurring revenue (ARR) at the end of June 2019.

Livetiles reported that ARR had reached $40.1 million at the end of FY19, up from $34.5 million at the end of the March 2019 quarter. This quarter was a record with growth of $5.6 million.

Over the last year Livetiles’ ARR has increased by 167%, but the company is aiming to organically grow its ARR to “at least $100 million” by 30 June 2021.

The company said that the acquired businesses are performing well with “strong cross-selling and bundling potential in FY20 and beyond. Hyperfish recurring revenue up 425% since acquisition with earn-out achieved.”

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Shares of New Hope Corporation Limited (ASX: NHC) have gone into a trading halt because the New South Wales Supreme Court is expected to deliver its judgement in the proceedings against Wiggins Island Coal Export Terminal Pty Ltd and others.

The trading halt is so that some members of the market aren’t trading on an uninformed basis regarding the court decision.

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

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