The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open flat today, the USA’s S&P 500 Index (.INX) went up by 0.66% on Friday.
Australian Dollar ($A) (AUDUSD): 71.79US cents
Dow Jones (DJI): up 1.03%
Oil (WTI): $US63.77 per barrel
Gold: $US1,292 per ounce
ASX Sharemarket News
In ASX sharemarket news, National Australia Bank Ltd (ASX: NAB) could be losing refinancing market share to its banking competitors, according to the Australian Financial Review.
A group of brokers has claimed that NAB’s loss of the CEO & Chairman, an interest rate increase, the Royal Commission and the length of time it’s taking NAB to approve loans are leading factors behind it losing market share.
However, NAB says that over the past 12 months it is the bank that has gained the most home loan market share, so it is somewhat refuting the report.
[ls_content_block id=”15758″ para=”paragraphs”]
Rio Tinto Limited (ASX: RIO) is also in the news this morning after the Australian mining giant approved another $302 million of investment into its Resolution copper project in the US state of Arizona.
The money will be used for additional drilling, ore-body studies, infrastructure improvements and activities relating to the final stage of the project’s phase.
When the Resolution project is fully operational it has the potential to supply around a quarter of the US copper demand.
Rio Tinto CEO JS Jacques said: “Resolution is one of the most significant undeveloped copper deposits in the world and this additional funding demonstrates Rio Tinto’s commitment to bring the mine into production.”
Popular Stories:
- Analysts Say House Prices Are Going To Fall 20%
- Is LiveTiles (ASX:LVT) The Best Growth Share On The ASX?
- 3 Reasons Why SEEK (ASX:SEK) Is An Interesting ASX Growth Share
- How I Would Value Afterpay Touch Group Ltd (ASX:APT) Shares
Petrol and refinery business Caltex Australia Limited (ASX: CTX) announced this morning that it has successfully completed its $260 million off-market buy-back at a price of $23.43. The amount of shares it bought back totalled 11.1 million shares, which was 4.26% of the overall issued capital.
[ls_content_block id=”18457″ para=”paragraphs”]
[ls_content_block id=”18380″ para=”paragraphs”]
