The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.88% on Thursday.
Australian Dollar ($A) (AUDUSD): 67.96US cents
Dow Jones (DJI): up 1.43%
Oil (WTI): $US52.54 per barrel
Gold: $US1,506 per ounce
ASX Sharemarket News
In ASX sharemarket news, Crown Resorts Ltd (ASX: CWN) announced yesterday evening that it is facing an inquiry.
The NSW Independent Liquor and Gaming Authority is going to look into the proposed sale of shares of Crown Resorts from James Packer’s CPH Crown Holdings to Lawrence Ho’s Melco Resorts & Entertainment – a Hong Kong-based casino operator.
Some of the stated reasons for the inquiry is to ensure that the management and operation of a casino remain free from criminal influence or exploitation, also so that gaming in a casino is conducted honestly and controlling the potential of a casino to cause harm to the public interest and to individuals and families.
Expert Interview: Magellan's Hamish Douglass
AMP Limited (ASX: AMP) has announced that it has successfully completed its $650 million capital raising.
The placement was priced at $1.60 per new share, a 7.5% discount to the closing price on Wednesday, 7 August 2019 and a 10.1% discount to the average price over the five days to 7 August 2019.
AMP CEO Francesco De Ferrari said: “We are pleased with the strong support we have received from investors. The funds raised will allow us to immediately implement our transformational strategy to create a simpler, higher-growth and higher-return AMP that’s focused on customers.”
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News Corp (ASX: NWS) has released its final quarter and full year result.
Revenue grew by 12% to $10 billion and net income improved to a profit of $228 million from a net loss of $1.44 billion in the previous year.
Segment EBITDA (click here to learn what EBITDA means) increased to $1.24 billion, up from $1.07 billion.
NEW! Our #1 ASX ETF of 2019
Exchange-Traded Funds (ETFs) are changing the world of investing. But with so many on the ASX, it's hard to know which ETF will be a top performer in 2019.
Every financial Tom, Dick and Harry seems to 'launching' (read: flogging) an ETF to investors. In our humble opinion, most of them could be a waste of time - and money. Worse, many of them could fail!
Here's the best part: we're willing to release the name and ASX ticker code of the ETF we've identified as our #1 for 2019.
Just click here now to access our free "#1 ETF of 2019" report. No credit card details or payment 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.