The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.47% on Wednesday.
Australian Dollar ($A) (AUDUSD): 69.78US cents
Dow Jones (DJI): down 0.29%
Oil (WTI): $US55.96 per barrel
Gold: $US1,426 per ounce
ASX Sharemarket News
In ASX sharemarket news, software business Gentrack Group Ltd (ASX: GTK) has provided an updated outlook for the year ending 30 September 2019.
It’s not expecting EBITDA (click here to learn what EBITDA means) to be in a range of $27 million to $28 million, down from guidance of being marginally ahead of FY18’s $31 million.
The new guidance is due to delays in customer projects and contracts, and bad debt risks in the UK. However, Gentrack said that the delays relate primarily to customer resourcing and do not indicate that the projects concerned are at risk.
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Newcrest Mining Limited (ASX: NCM) has released its quarterly report for June 2019.
The gold miner said it produced 661,000 ounces in the quarter, up 6% from March 2019 and produced 29kt of copper, up 14% from the March 2019 quarter. It had group all-in sustaining cost of $720 per ounce.
For FY19 Newcrest produced 2,488,000 ounces of gold, which was 6% higher than the prior year. Copper production was up 36% for the year to 106kt. The all-in sustaining cost (AISC) was $738 per ounce – down 12% from last year.
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Macquarie Group Ltd (AS:X MQG) is holding its annual general meeting (AGM) today and also issued the first quarter update for FY2020.
The global investment bank said that its operating groups are performing in line with expectations and that the first quarter net profit is broadly in line with the first quarter of FY19.
However, Macquarie still expects the FY20 result to be slightly down on FY19.
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