The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.88% on Tuesday.
Australian Dollar ($A) (AUDUSD): 70.98US cents
Dow Jones (DJI): up 0.55%
Oil (WTI): $US66.14 per barrel
Gold: $US1,272 per ounce
ASX Sharemarket News
In ASX sharemarket news, Macquarie Group Ltd (ASX: MQG) is in the headlines because it apparently wants to launch a mobile service, according to the Australian Financial Review.
It will be called Nu Mobile and it will have a niche offering of used mobile phones in a package deal with the data. The company will operate using the Telstra Corporation Ltd (ASX: TLS) network.
The AFR believes that the new service will launch within the next few months.
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National Australia Bank Ltd (ASX: NAB) is also in the news, the major ASX bank has implemented additional lending checks to make sure its borrowers are in a healthy positions.
A debt to income ratio is supposedly going to be used, according to the Australian Financial Review. A maximum ratio of 9 will be allowed and the debt will include credit cards, family loans, lines of credit and other loans. What’s particularly interesting is that it will consider unused credit as being totally utilised.
It will be interesting to see if the other banks follow suit with this new debt to income limit.
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Northern Star Resources Ltd (ASX: NST) has unveiled its March 2019 quarterly activities report.
The gold miner has maintained its FY19 production guidance at between 850,000oz to 900,000oz and the all-in sustaining costs (AISC) guidance has increased from a range of between $1,125/oz and $1,225/oz to $1,225/oz to $1,275/oz.
Gold sold in the March quarter was 185,296oz at an AISC of $1,369/oz.
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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.