The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.35% on Wednesday.
Australian Dollar ($A) (AUDUSD): 71.68US cents
Dow Jones (DJI): up 0.03%
Oil (WTI): $US64.61 per barrel
Gold: $US1,308 per ounce
ASX Sharemarket News
In ASX sharemarket news, Amcor Limited (ASX: AMC) has received antitrust clearance from the Brazilian Administrative Council for Economic Defense (CADE) for the merger with Bemis.
The transaction is still subject to regulatory approval in the United States, but they are in advanced discussions with the US Department of Justice (DOJ), which includes the potential for required remedies.
Collective potential remedies, including European Commission remedies, would represent an “immaterial proportion” of total sales for the combined company and would not impact the US$180 million of net cost synergies expected to be delivered by the end of the third year following completion.
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Domino’s Pizza Enterprises Ltd. (ASX: DMP) shares could come under scrutiny today after the pizza mogul business announced yesterday it had acquired Domino’s in Denmark for €2.5 million.
However, the Australian Financial Review has run a story that some of stores, when they were open, had workers that were relabelling food to extend its shelf life. There were also stories of rats being in some of the Domino’s outlets.
The ASX-listed Domino’s was not responsible for the above problems, but it shows the Denmark Domino’s wasn’t a quality business and it will have to work hard to improve the reputation in the country.
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The Crown Resorts Ltd (ASX: CWN) share price could be a big mover again today. Yesterday Wynn Resorts terminated its discussions with the James Packer-backed casino operator, but there is speculation Wynn might come back for it in the future.
Shares of Crown are still higher than the pre-Wynn price, so the share price could be one of the larger movers today – higher or lower.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.