Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.02% at lunch.

The blue chip that is helping slightly edge the index into the green is Australia and New Zealand Banking Group (ASX: ANZ) which is 0.7% higher.


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The Rio Tinto Limited (ASX: RIO) share price is up 0.56% with the mining giant announcing the next stage of its investment in its Resolution copper project based in Arizona in the US.

Shares of National Australia Bank Ltd (ASX: NAB) are up only 0.36% with reports that the major bank has been losing market share of refinancing to its banking competitors.

The share price of IOOF Holdings Limited (ASX: IFL) is up 0.6% despite the diversified financials business announcing at the end of last week that it was being sued.

Iluka Resources Limited (ASX: ILU) shares are down 0.66% in early trade after the commodity business revealed its March 2019 quarterly report to investors.

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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.