Proactive Investors - Run By Investors For Investors

S&P/ASX 200 futures suggest positive start, US markets down on oil

The ASX 200 is near flat or 2 points lower to 6336.4 points at 11.58am.
electronic board showing stock ticker prices
A private equity $1.95 bid for Superloop (ASX:SLC) has sent its shares up 5.5% to $1.91

S&P/ASX 200 (INDEXASX:XJO) has given back its earlier gains to be trading flat at around midday.

The ABS monthly building approvals data came in at -15.5% vs -12.5% expectations which saw the AUD sold off but effect on the share market was muted.

Shares in Macquarie (ASX:MQG) are down 6.11% at 12.01pm after it downgraded its outlook in its full-year result.

Buy-now, pay-later company Afterpay (ASX:APT) is up 3% to $27.66 at midday after revealing a new funding facility to continue its rapid US expansion.

Pre-market: S&P/ASX 200 futures suggest positive start, US markets down on oil

ASX 200 futures are pointing to a positive open although US markets were lower overnight as the oil price continued to fall.

US chemicals company, DowDuPont Inc (NYSE:DWDP) finished down 6.73% as it reported a fall in earnings for the March quarter.

On the commodity front, oil prices hit a one-year low on news that US crude oil inventories spiked suggesting the market is not as tight as expected.

Crude Oil WTI fell more than US$2 to around US$61.10 before steadying at US$61.66.

Australia building approval data at 11.30am

At 11.30am, the Australian Bureau of Statistics (ABS) will released its monthly building approvals data.

It is considered a good gauge of future construction activity as attaining an approval is among the first steps in constructing a new building.

Economists estimate the monthly figure to be -12.5%.

In pre-market company news, Macquarie Group (ASX:MQG) has relased its full year results and Amcor (ASX:AMC) shareholdes approved the US$6.8 billion takeover of US rival Bemis (NYSE:BMS).



View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

Speaking in April, Next’s chief executive Tim Dyson said the company had “lots of scope” for acquisitions in the coming year
mobile marketing
April 02 2019
The merger is structured as an offer by Taptica that will see it owning 50.1% of the enlarged group and Rhythm One owning the remaining 49.9%
Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use