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 Tuesday.
Australian Dollar ($A) (AUDUSD): 70.48US cents
Dow Jones (DJI): up 0.15%
Oil (WTI): $US63.41 per barrel
Gold: $US1,283 per ounce
ASX Sharemarket News
In ASX sharemarket news, Australia and New Zealand Banking Group (ASX: ANZ) has released its half year result for the six months to 31 March 2019.
The big ASX bank reported that statutory profit dropped by 5% to $3.17 billion, continuing operations cash profit increased by 2% and the fully franked dividend was maintained at 80 cents per share.
Its Common Equity Tier 1 (CET1) Capital ratio increased 45 basis points (0.45%) to 11.5%
ANZ CEO Shayne Elliott said: “Home loan demand in Australia has slowed significantly and this continued during the half. While our decision to step back from certain segments compounded this impact, being more risk averse in the current environment is prudent.”
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A2 Milk Company Ltd (ASX: A2M) has given a presentation to investors which includes a trading update for the nine months to 31 March 2019. Revenue was up 42% to NZ$938 million.
The infant formula business has grown its market share in China to 6% from 5.4% and is now sold in an additional 1,350 Chinese mother and baby stores. The company has also increased its distribution in the US.
A2 Milk did not alter its overall guidance for FY19, which includes additional investment its marketing activities.
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Scentre Group (ASX: SCG) has released its first quarter operating update. The Australia and New Zealand Westfield shopping centre owner outlined that 99.3% of its portfolio was leased.
Total specialty in-store sales were up 1.7% year on year and total portfolio sales were up 1.3%.
The business has guided net rental growth of around 3% for FY19 and an increase of the distribution of around 2%.
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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.