Australian market set to open higher
THE Australian market looks set to open higher following gains on Wall Street following solid US data on wholesale prices and industrial production.
THE Australian market looks set to open higher following gains on Wall Street following solid US data on wholesale prices and industrial production.
At 0645 AEST on Monday, the share price index futures contract was up nine points at 5,300.
No major local economic news is expected on Monday.
In equities news, Newcrest, Aurizon, FlexiGroup and Mesoblast are slated to post full year results.
In Australia, the market on Friday ended a volatile week with a fall due to weak commodity prices and subdued reaction to mixed company profit reports.
The benchmark S&P/ASX200 index was down 31.4 points, or 0.58 per cent, at 5,356.5 points.
The broader All Ordinaries index was down 29.0 points, or 0.54 per cent, at 5,360.0 points.
ATO’s warning to one group as tax time looms
The Australian Taxation Office has announced its hit list for businesses ahead of tax time, as it looks to crack down on dodgy practices.
Trump tariffs keep ASX down again
Donald Trump’s tariffs are continuing to hit the Aussie sharemarket, with the value of coal companies falling, while investors look for a golden safe haven.
Cricket legend’s beer company goes bust
Another Australian beer company has gone bust despite its celebrity owners, as the tough retail environment continues to put pressure on small businesses.