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ALL ORDINARIES Index Rises, TPG (ASX:TPM) Share Price Up

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.48% at lunch.

The TPG Telecom Ltd (ASX: TPM) share price is up 2% after it issued its response to the ACCC rejecting the idea of its merger, it is taking the case to the Federal Court.

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The Orica Ltd (ASX: ORI) share price is up 7.7% after the explosives business reported its half year result showing a large increase of profit.

Shares of Caltex Australia Limited (ASX: CTX) are up 0.2% despite reporting a large profit decrease in its first quarter result of FY19.

However, building construction businesses aren’t looking so good at the moment. The Adelaide Brighton Ltd. (ASX: ABC) share price dropped 7.9% after providing a market update. The Fletcher Building Limited (ASX: FBU) share price is also down by 3.1%.

The GrainCorp Ltd (ASX: GNC) share price is down a further 3.6% after it reported a disappointing half year report.

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$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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