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.
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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.
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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.