The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up 0.69% on Wednesday.
Australian Dollar ($A) (AUDUSD): 70.94US cents
Dow Jones (DJI): up 0.58%
Oil (WTI): $US58.34 per barrel
Gold: $US1,309 per ounce
ASX Sharemarket News
In ASX sharemarket news, Commonwealth Bank of Australia (ASX: CBA) has provided an update regarding its wealth management and mortgage broking business.
Commonwealth Bank said that $1.46 billion has been spent or provisioned to address issues raised over recent years.
That $1.46 billion includes $610 million already paid to customers or provisioned for refunds, $650 million in program costs and internal process improvements relating to this work and $200 million for indemnity provision for wealth management-related issues and program costs.
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Myob Group Ltd (ASX: MYO) has announced that the independent expert, Grant Samuel & Associates, has concluded that the takeover offer by KKR is fair and reasonable and is in the best interests of shareholders.
Therefore, the MYOB Directors unanimously decided to recommend that MYOB shareholders should vote in favour of the proposal, assuming no other offers appear.
The vote on the proposal is scheduled to be held on 17 April 2019.
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Online seller-of-most-things Kogan.Com Ltd (ASX: KGN) has announced that it is launching Kogan marketplace, with more than 100,000 products now available to Kogan.Com customers.
Some of the household brands that will be participating are Microsoft, Breville, Lego, Fisher-Price, Paw Patrol, SodaStream, Gillette, Gucci and Phillips.
Lazar Monin, Director of Marketplace, said: “Our mission is to make the most in-demand products and services more affordable for all Australians.
“Retailers on the Kogan Marketplace Platform will get market-leading infrastructure and the ability to offer their goods to the Kogan Community.”
Our #1 ASX ETF of 2019
Exchange Traded Funds (ETFs) are changing the world of investing. But with so many on the ASX, it's hard to know which ETF will be a top performer in 2019.
Every financial Tom, Dick and Harry seems to 'launching' (read: flogging) an ETF to investors. In our humble opinion, most of them could be a waste of time - and money. Worse, many of them could fail!
Here's the best part: we're willing to release the name and ASX ticker code of the ETF we've identified as our #1 for 2019.
Just click here now to access our free "#1 ETF of 2019" report. No credit card details or payment required.
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).