Investing.com - The ASX 200 opened lower on Monday, as market participants monitor a deluge of local earnings results from major retailers and discretionary brands like Domino's Pizza (ASX:DMP) and Breville Group Ltd (ASX:BRG).
Despite gains in three major US indices on Friday, futures indicate the S&P/ASX 200 will slip by 0.2% or 14 points to 7957.1 on Monday, amid a busy earnings day.
On Friday, the local sharemarket surged 1.3%, pushing weekly gains to 2.4% after profits generally met forecasts. This follows record and special dividends from Commonwealth Bank Of Australia (ASX:CBA) and white goods seller JB Hi-Fi Ltd (ASX:JBH).
Among local reporting companies, Skycity Entertainment Group Ltd (ASX:SKC) expects to impair its Adelaide assets by $86.2 million due to the mandatory carded play introduction at the casino in early 2026.
Suncorp Group's (ASX:SUN) Full-year net profit increased 12% to $1.2 billion from the previous year, driven by stronger insurance premiums, allowing for a fully franked annual dividend of 78¢.
Westpac Banking Corp (ASX:WBC) reported an A$1.8 billion unaudited net profit for the three months ending June 30, up 6% from its average quarterly return in the first half, as revealed on Monday.
A2 Milk Company Ltd (ASX:A2M) says trading conditions in China remain challenging and anticipates a further decline in market value in FY25. The dairy company forecasts mid single-digit revenue growth in FY25 compared to FY24 and warns that growth will be impacted by infant formula milk supply constraints.
Ampol Ltd (ASX:ALD) recorded a net profit of $235.2 million for the half-year and declared an interim dividend of 60¢ per share.
Bluescope Steel Ltd (ASX:BSL) reported a 6% drop in FY24 sales revenue to $17 billion due to lower steel prices, with underlying net profit down 22% to $860.7 million.
On the bond markets, 10-year and 2-year rates were at 3.935% and 3.617%, respectively.