Following weak leads and a seesaw session from US markets, the Australian share market looks set to open lower. Banks pulled the drag. The S&P500 fell on the tumultuous China/US trade talks. China is still insisting no phone calls took place over the weekend that President Donald Trump claimed regarding the tariffs. The 30-year US yield fell to a record low 1.95 per cent. Treasuries rose. On the commodities front, oil went up by around $2.
Local economic news
Construction Work Done, June 2019.
Wall Street closed lower yesterday: The Dow Jones Industrial Average lost 0.47 per cent to close at 25,778, the S&P 500 closed 0.32 per cent lower at 2869 and the NASDAQ was down 0.34 per cent to 7827.
European markets closed mixed: Paris gained 0.67 per cent and Frankfurt was up 0.62 per cent while London’s FTSE lost 0.1 per cent,
Asian markets closed mixed: Tokyo’s Nikkei rose 0.96 per cent, Hong Kong’s Hang Seng was down 0.1 per cent and China’s Shanghai Composite closed 1.4 per cent higher.
Taking all of this into equation, the SPI futures are pointing to a 0.2 per cent fall.
Yesterday, the Australian share market closed 31 points or 0.5 per cent higher at 6471.
Mayne Pharma Group (ASX:MYX) announced yesterday that the Pharmaceutical Benefits Scheme (PBS) has approved the reimbursement of KAPANOL® low dose morphine capsules for the treatment of chronic breathlessness in palliative care patients. This is an addition to KAPANOL’s current PBS General Schedule listing for use in chronic severe disabling pain unresponsive to non-opioid analgesics. Many of the patients suffering from this condition are housebound and very limited in their day to-day activities. Shares in Mayne Pharma Group (ASX: MYX) closed 4.2 per cent lower at $0.46 yesterday.
Oz Minerals (ASX:OZL)
Adelaide Brighton (ASX:ABC)
Ex – Dividend
Alumina(ASX:AWC) is paying 6.5 cents fully franked
Bingo Industries (ASX:BIN) is paying 2 cents fully franked
Contact Energy(ASX:CEN) is paying 21 cents unfranked
Coles Group(ASX:COL) is paying 35.5 cents fully franked
Fletcher Building(ASX:FBU) is paying 12.06 cents unfranked
FSA GroupLtd (ASX:FSA) is paying 3 cents fully franked
HiTech Group Australia(ASX:HIT) is paying 4 cents fully franked
Kina Securities (ASX:KSL) is paying 3.4 cents unfranked
McMillan Shakespeare(ASX:MMS) is paying 40 cents fully franked
QV Equities(ASX:QVE) is paying 2.2 cents fullyfranked
Telstra Corporation(ASX:MAI) is paying 5 cents fullyfranked
Telstra Corporation(ASX:MAI) is paying 3 centsfullyfranked
One Australian Dollar at 8:00AM was buying 67.53US cents, 54.97Pence Sterling, 71.41 Yen and 60.90 Euro cents.
Iron Ore futures suggest a 3.0 per cent fall
Gold has gained $15.20 to US$1552 an ounce.
Silver has added $0.52 cents to US$18.30 an ounce.
Oil has increased by $2.05 to US$55.69 a barrel.