The ASX 200
(INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.30% on Thursday.
Australian Dollar ($A) (AUDUSD): 68.17US cents
Dow Jones (DJI): up 1.41%
Oil (WTI): $US56.17 per barrel
Gold: $US1,519 per ounce
ASX Sharemarket News
In ASX sharemarket news, Fonterra Shareholders’ Fund (ASX: FSF) shares could come under pressure today after the dairy business delayed its reporting date.
The result was previously expected on 12 September 2019, now it will report before the end of 30 September 2019.
Last month Fonterra announced a number of asset writedowns and adjustments. Due to these changes, more time is required to complete the audit of the financial accounts.
Fonterra is still expecting to report a loss of $590 million to $675 million. The company stated it doesn’t have any effect on the ability to pay bills or paying farmers.
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The continuing protests In Hong Kong’s airport could have a negative impact on Sydney Airport Holdings Pty Ltd’s (ASX: SYD) according to reporting by the AFR on analyst work.
Airlines have supposedly been using slightly smaller planes to transport passengers to Hong Kong from Sydney, Melbourne and Brisbane.
Therefore, due to these impacts, Sydney Airport EBITDA for 2019 could be reduced by around $3 million. Only time will tell whether the analyst’s calculations are right or not, but the protests are certainly having an effect on other South East Asian places.
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S&P Dow Jones Indices has announced the latest quarterly rebalancing of its indices.
Looking at the ASX 100, the only change is that private health insurer NIB Holdings Limited (ASX: NHF) is replacing Pendal Group Limited (ASX: PDL) with the insurer continuing to grow profit each year.
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