The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.93% on Thursday.
Australian Dollar ($A) (AUDUSD): 70.07US cents
Dow Jones (DJI): down 0.90%
Oil (WTI): $US56.58 per barrel
Gold: $US1,285 per ounce
ASX Sharemarket News
In ASX sharemarket news, we learned who National Australia Bank Ltd (ASX: NAB) had appointed as the new Chairman of the bank.
The choice was interim Chief Executive Officer Philip Chronican, who will try to steer NAB out of the damaged-reputation hole that ex-CEO Mr Thorburn and ex-Chairman Dr Henry dug the bank into.
NAB Chairman Mr Chronican said, “Much needs to change in a meaningful way at our bank. We have unfortunately been found wanting in too many areas when it comes to our customers, and I am determined to ensure that change happens to ensure we meet and exceed their expectations.”
Expert Interview: Magellan's Hamish Douglass
Afterpay Touch Group Ltd (ASX: APT) shareholders may be feeling a tad worried this morning after we learned that one of its directors sold a large parcel of shares worth around $3 million.
Share sales by management can sometimes be a bad omen because they may be selling before some bad news is announced to the market.
It’s not too bad considering he still indirectly owns 650,000 ordinary Afterpay shares, a lot more than what he sold, which are currently valued at over $12 million. On top of that he also has 900,000 of unlisted options.
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- Insurance Australia Group (ASX:IAG) Shares – If It’s Good Enough For Warren!
Investment business Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) has grown enough to be included in the S&P/ASX 100 Index, kicking out IOOF Holdings Limited (ASX: IFL) in the process.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).