Australian market to open higher
THE Australian market looks set to open higher, following Wall Street’s rise as gains by Apple and Disney lifted the Dow ahead of the release of the Federal Reserve’s minutes.
THE Australian market looks set to open higher, following Wall Street’s rise as gains by Apple and Disney lifted the Dow ahead of the release of the Federal Reserve’s minutes.
At 0645 AEST on Tuesday, the share price index futures contract was up nine points at 5,311.
In local economic news on Tuesday, the Reserve Bank of Australia releases the minutes of its August board meeting while the Australian Bureau of Statistics releases new motor vehicles sales figures for July.
Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey is due out.
In equities news, Asciano, GWA Group, Dick Smith, Ainsworth Game Technology, Hills, Sonic Healthcare are among the companies slated to post full year results.
Iluka Resources, QBE Insurance, Invocare, GPT are slated to release half year results, while Thorn Group has its annual general meeting.
The ANZ is expected to release a quarterly trading update.
In Australia, the market on Monday, closed slightly higher with gains in the financial sector offsetting losses among energy and resource stocks.
The benchmark S&P/ASX200 index was up 11.2 points, or 0.21 per cent, at 5,367.7 points.
The broader All Ordinaries index gained 8.6 points, or 0.16 per cent, to 5,368.6 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.