Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

ASX 200 (XJO) To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.18% on Friday.

Australian Dollar ($A) (AUDUSD): 69.80US cents

Dow Jones (DJI): down 0.16%

Oil (WTI): $US57.63 per barrel

Gold: $US1,395 per ounce

ASX Sharemarket News

In ASX sharemarket news, iron ore businesses could come under pressure this morning with Chinese steelmakers suggesting that iron ore prices are too high. This means a business like Fortescue Metals Group Limited (ASX: FMG) could suffer if the iron ore price does indeed fall.

Chinese steel mills have complained to the Chinese government that the iron ore market is being manipulated by futures traders and it’s causing their profit margin to fall, according to the Australian Financial Review.

Whilst there has been a steep rise in the iron ore prices, the steelmakers aren’t getting the same higher price for their steel.

[ls_content_block id=”15758″ para=”paragraphs”]

NRW Holdings Limited (ASX: NWH) has made the news for the wrong reasons this weekend. A 27-year-old mining operator was killed at the Baralaba North Coal Mine in the Bowen Basin, Queensland. This man was an employee of a NRW subsidiary – Golding.

NRW said in the media release, “To his family, friends, work mates – we extend our sincerest condolences. Golding is providing support to the man’s family. Operations at the mine have been halted until further notice, and all staff have been offered access to counselling services.”

Popular Stories:

Fintech business GBST Holdings Limited (ASX: GBT) has received another non-binding takeover offer from FNZ of a price at $3.65, which is slightly higher than the $3.60 offered by SS&C Technologies.

However, GBT said that SS&C currently has access to the due diligence and it will be focused on that bid.

[ls_content_block id=”14946″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$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.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content