The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.02% on Monday.
Australian Dollar ($A) (AUDUSD): 70.42US cents
Dow Jones (DJI): up 0.10%
Oil (WTI): $US59.35 per barrel
Gold: $US1,417 per ounce
ASX Sharemarket News
In ASX sharemarket news, Rio Tinto Ltd (ASX: RIO) has released its June 2019 quarterly to the ASX.
The giant miner reported that Pilbara iron ore shipments fell by 3% compared to a year ago to 85.4Mt in the June quarter. In the first half of 2019 iron ore shipments were down 8%. The company blamed Tropical Cyclone Veronica.
Pilbara iron ore production was down 7% over the quarter and also down 8% over the half year. The reduction was caused by mine operational challenges.
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Lithium miner Galaxy Resources Limited
(ASX: GXY) has also reported its June quarter report to investors.
Galaxy revealed it achieved a record quarter of production, with production volume of 56,460 dry metric tonnes (dmt), exceeding guidance of 45,000 dmt to 50,000 dmt. The grading was 6.0% Li2O.
The Mt Cattlin production unit cash cost of US$337 per dmt produced makes it one of lowest costing lithium concentrate operations in the world according to Galaxy.
A total of 29,439 dmt of lithium was shipped in the quarter, with a target of 60,000 dmt to 70,000 dmt to be shipped in the third quarter of 2019.
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Financial technology business Hub24 Ltd (ASX: HUB) has revealed record June quarter and record annual net inflows.
In June Hub24 received quarter net inflows of $979 million, which was up 32.4% on the previous year. It received annual net inflows of $3.9 billion, an increase of 60.6% on the previous year.
Funds Under Administration (FUA) was $12.9 billion at 30 June 2019, an increase of 54.3%.
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