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ASX 200 To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.10% on Monday.

Australian Dollar ($A) (AUDUSD): 71.37US cents

Dow Jones (DJI): down 0.18%

Oil (WTI): $US65.70 per barrel

Gold: $US1,275 per ounce

ASX Sharemarket News

In ASX sharemarket news, Amcor Limited (ASX: AMC) is preparing to sell around $300 million worth of assets in the United States to a busines called Pekni-Plex Inc according to the Australian Financial Review.

It is believed that this sale will help the Amcor – Bemis deal because of concerns from the US regulators about competition and power. The deal is a large tie-up between two large packaging businesses.

The AFR’s Street Talk has suggested that the two assets being considered for sale are healthcare packaging plants in Wisconsin and Massachusetts. Combined, these locations create revenue of US$100 million a year.

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The Australian Financial Review is also reporting that Woolworths Group Ltd (ASX: WOW) has signed up to services from a company called Escavox which aims to extend the shelf life of produce by tracking and measuring each box of produce to monitor the temperature, time and location.

The management of Escavox are hoping to capture the business of some of the other large supermarkets such as Coles Group Limited (ASX: COL) in time. Australia is supposedly one of the biggest creators of food waste per person, particularly due to an expectation of quality and appearance.

Popular Stories:

EML Payments Ltd (ASX: EML) has signed a multi-year agreement with bet365 for payment solutions for USA gaming customers.

The deal is for a bet365 branded reloadable card program in the state of New Jersey in the USA. However, EML was unable to provide an estimate for the gross debit volume (GDV) or the pace of the development.

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

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