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Cooper Energy (ASX:COE) shares climb on revised FY22 EBITDAX guidance

Cooper Energy (ASX:COE) has upgraded its 2022 financial year guidance for underlying earnings before interest tax depreciation amortisation, and exploration expense (EBITDAX).

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Australia: Cooper Energy provides operations and finance update

Cooper Energy has provided an operations and finance update. The Company reports - Phase 2B capital works underway at the Orbost Gas Processing Plant, Athena Gas Plant commissioned and awaiting pipeline cutover, and Deutsche Bank has joined the Company's lending syndicate.

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ASX to edge higher; Fed's Powell sees US boom ahead

ASX ends lower; BHP, Rio weigh on market
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Austal bears biggest hit from US tax hike among ASX companies
Vesna Poljak
Joe Bidenâs plan to raise Americaâs corporate tax rate would have the biggest earnings impact on Austal, Appen, and James Hardie, according to Macquarie analysis, which concludes they might still be better off as probable beneficiaries of Bidenâs infrastructure spending.
The intended tax increases are required to fund the administrationâs $US2 trillion ($2.6 trillion) plan to rebuild Americaâs transport infrastructure, utilities and other policy needs, by increasing the company tax rate to 28 per cent from 21 per cent.

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Covid-19 not necessarily the big one, WHO warns: ASX closes 0.3% lower

The Australian sharemarket closed lower today, 18 points down or 0.3 per cent lower at 6,682. The World Health Organisation has marked the one year anniversary of the Coronavirus pandemic reporting that the worst is yet to come. WHO was first alerted on December 31 last year, when Chinese officials reported they were investigating a cluster of viral pneumonia in Wuhan. Afterpay (ASX:APT) shares fell today after a record high on Tuesday. The best performing stock today was the United Malt Group (ASX:UMG).
Futures
The Dow futures are suggesting a rise of 105 points. S&P 500 futures are eyeing a lift of 17 points. The Nasdaq futures are eyeing a rise of 51 points. And the SPI futures are eyeing a fall of 16 points tomorrow morning.

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