AU Morning Wrap: KKR says Ramsay Foundation backs bid; BHP woes

Moomoo News AU wrote a column · Apr 21, 2022 08:09

G'day, mooers! Check out the latest news on today's stock market!
• Wall Street's main indices finished mixed as a big earnings miss from Netflix weighed on the Nasdaq
• Australia shares opened higher on Thursday; ASX 200 up 0.31 per cent
• Stocks to watch: Santos, Brambles, BHP, Evolution Mining, CSL
- moomoo News AU

AU Morning Wrap: KKR says Ramsay Foundation backs bid; BHP woes

Wall Street Summary
Defensive stocks outperformed as $Netflix (NFLX.US)$'s earnings cast a pall over the tech sector. The $Dow Jones Industrial Average (.DJI.US)$ climbed 250 points or 0.71 per cent.

The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ slumped 167 points or 1.22 per cent. The $S&P 500 Index (.SPX.US)$ finished three points or 0.06 per cent weaker in choppy trade.

AU Market Watch
Australia's S&P/ASX 200 looks likely to extend its gains at the open, following the Dow Jones Industrial Average higher. ASX futures are up by 0.4% shortly before the open, suggesting the benchmark index could be on course for a fifth consecutive rise.

Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.31 per cent to 7593 as of 10:10 am.

Stocks to Watch
$Santos Ltd (STO.AU)$: Higher commodity prices and an increase in production have spurred Santos to deliver a record $US1.9 billion ($2.6 billion) in sales for the March quarter, the company said in an update on Thursday.

$Brambles Ltd (BXB.AU)$: Brambles has upgraded its FY22 sales, underlying profit and free cash flow guidance, and reiterated its dividend forecast of paying out between 40 and 60 per cent of underlying profit.

$BHP Group Ltd (BHP.AU)$: BHP expects to deliver less copper and nickel than previously anticipated, in part due to workforce issues related to COVID-19, social unrest close to its mines and workforce shortages, the company said on Thursday.

$Evolution Mining Ltd (EVN.AU)$: Evolution Mining cut its FY gold output guidance, citing wet weather and the Covid-19 pandemic.

$CSL Ltd (CSL.AU)$: CSL has announced that it has raised US$4 billion via a debt issuance, to "partially finance the proposed acquisition of Vifor Pharma announced on 14 December 2021, and for general corporate purposes".

$Ramsay Health Care Ltd (RHC.AU)$: KKR, the US private equity giant that is leading a group of investors in the proposed acquisition of Ramsay Health Care, said the target company's largest shareholder is supportive of the bid.

Ex-dividend Companies: $Plato Income Maximiser Ltd (PL8.AU)$

Dividends Paid Companies: $Australian Clinical Labs Ltd (ACL.AU)$, $Austal Ltd (ASB.AU)$, $Cochlear Ltd (COH.AU)$, $Rio Tinto Ltd (RIO.AU)$, $Lovisa Holdings Ltd (LOV.AU)$, $Nine Entertainment Co. Holdings Ltd (NEC.AU)$

Commodities
• Iron ore prices remained stable, just above US$150 a tonne.
• Oil retreated slightly after downward revisions to economic growth forecast from the International Monetary Fund and World Bank.
• Gold went into freefall on Wednesday, and now trying to stabilise at the US$1,950 level.

Source: Dow Jones Newswires, Market Index

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more