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ALL ORDINARIES Index Up, Wesfarmers (ASX:WES) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.30% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is currently down 2.5%, the retail conglomerate reported that Kmart & Target sales barely increased, but its balance sheet is in a good position going into 2019.

Shares of Australia and New Zealand Banking Group (ASX: ANZ) have risen the most among the big banks, it’s up 0.9% on news that the major banks are lobbying APRA to reconsider forcing them to raise money through Tier II bonds.

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Retail Food Group Limited (ASX: RFG) shares are up 11.9% after the under-pressure fast food franchisor confirmed it is considering selling Crust Gourmet Pizzas to reduce its debt.

The Capitol Health Ltd (ASX: CAJ) share price is down nearly 2% with the healthcare business acquiring a radiology network business in Melbourne for $8.1 million cash upfront. There are clinics located in Frankston, Dandenong, Boronia and Carlton.

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$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

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Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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