The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.30% on Wednesday.
Australian Dollar ($A) (AUDUSD): 68.85US cents
Dow Jones (DJI): up 0.15%
Oil (WTI): $US54.22 per barrel
Gold: $US1,360 per ounce
ASX Sharemarket News
In ASX sharemarket news, Rio Tinto Limited (ASX: RIO) has provided updated iron ore guidance to the market.
The resources business said it is experiencing mine operational challenges, particularly in the Greater Brockman hub in Pilbara, resulting in a higher proportion of certain lower grade products. Around 1.5 million tonnes of these products were sold in the first quarter.
Therefore, Pilbara shipment guidance has been reduced to between 320 million tonnes and 330 million tonnes, down from 333 million tonnes to 343 million tonnes. Give the change on volume guidance, unit costs will be updated at the second quarter update.
Expert Interview: Magellan's Hamish Douglass
Sydney Airport Holdings Pty Ltd (ASX: SYD) has revealed its passenger numbers for May 2019.
There was a strong turnaround for the previous few months. Domestic passengers showed growth of 0.3% compared to a year ago, whilst international passengers increased by an impressive 6.3%.
Sydney Airport CEO Geoff Culbert said: “We continue to have a diverse nationality mix coming through Sydney Airport. In May we saw double digit growth from Malaysia, the USA, Greater China and Japan.”
- FY20 Guidance Is Pushing The Pushpay (ASX:PPH) Share Price Higher
- Are Nearmap (NEA) Shares Seriously Overvalued?
- Australian Finance Podcast: Investing For ASX Dividends, Apps & Advisers
- How Much Will Afterpay (APT) Shares Be Worth In 2022?
Bank of Queensland Limited (ASX: BOQ) has announced the resignation of its chief financial officer (CFO) following the release of its FY19 result in October 2019. He will be pursuing other leadership opportunities.
BOQ CFO Matt Baxby said: “My time at BOQ has been incredibly rewarding and the highlights including overseeing the successful acquisition of Virgin Money, diversification by geography and channels of the Retail Bank, and more recently assuming the role of CFO to broaden my experience across the Group.”
ACCESS OUR NEW SMALL CAPS INVESTING REPORT!
After searching through a market with over 2,000 shares, our lead expert investment analyst has narrowed it down to just 2 of his favourite small-cap pocket rocket share ideas in a FREE report to Rask Media readers.
Over the past five years, these two shares have gone from being 'tiny caps' to being serious contenders for the ASX 300.
Access the free report by clicking here now or enter your email below! Absolutely no credit card or payment details required.
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.