Here are the stories from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles today. Rask Media has your financial news headlines sorted.
First, here are the data points:
Australian Dollar ($A) (AUDUSD): 70.71 US cents
Dow Jones (DJI): up 1%
Oil (WTI): $US64.88 per barrel
Gold: $US1,216 per ounce
Finance News
In Aussie economic news today we’ll see the release of CommBank’s (ASX: CBA) PMI Manufacturing data for October, Corelogic’s house price data, the RBA’s commodity price index and trade balance data for September.
In sharemarket news, New Zealand’s Z Energy Ltd (ASX: ZEL) reported its half-year results showing a 28% increase in revenue to $NZ2.67 billion and a profit of $NZ139 million, up 74%.
National Australia Bank Ltd. (ASX: NAB) released its 2018 full year results showing a 6% increase in revenue compared to 2017. Net profit rose 5.1% to $5.54 billion and a final dividend of 99 cents per share was declared, in-line with last year.
“While 2018 has been a challenging year, our transformation is on track and benefits are emerging as we become simpler and faster,” NAB CEO Andrew Thorburn said.
https://twitter.com/AndrewThorburn/status/1057740305758179328
The bank reported a 3.8% decline in impairment charges to $779 million and said the percentage of loans passed 90 days due stood at 0.71%, up from 0.7% last year.
“Asset quality and balance sheet metrics remain sound, and we have a clear path to achieving APRA’s unquestionably strong CET1 target of 10.5% by January 2020,” Thorburn added.
NAB’s result follows an announcement from CommBank and ANZ Bank’s (ASX: ANZ) 2018 financial report earlier this week.
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