The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.17% on Monday.

Australian Dollar ($A) (AUDUSD): 69.64US cents

Dow Jones (DJI): up 0.03%

Oil (WTI): $US57.77 per barrel

Gold: $US1,420 per ounce

ASX Sharemarket News

In ASX sharemarket news, under pressure financial services business IOOF Holdings Limited (ASX: IFL) has announced its new CEO and board changes.

Renato Mota has been appointed as the CEO of the company after being acting CEO and also joins the board as Managing Director. Andrew Bloore also joins IOOF’s Board as an independent non-executive director.

IOOF Chairman Allan Griffiths said: “The robustness of our succession plan enabled us to appoint Renato to the role of Acting CEO in December 2018.

Since then, Renato has created a clear direction for our business and our people, demonstrating an unwavering commitment to restoring trust through setting higher expectations.”

Mr Mota announced he has commenced a review of IOOF’s senior management to ensure it is culturally aligned and matches the ambitions and expectations of IOOF.


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SKY Network Television Limited (ASX: SKT) has announced it is going to focus on accelerating the delivery of streaming services.

The company has been looking at the latest Puck device, which has not yet been launched and the company has decided it’s not going to launch it. In August it will launch a new sports app with new pricing.

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National Storage REIT (ASX: NSR) has gone into a trading halt this morning to announce that it’s going to undertake a capital raising from both institutional investors and regular investors.

Further details will be released soon and investors will get a better understanding of what the money will be used for.


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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).