The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.22% on Monday.
Australian Dollar ($A) (AUDUSD): 67.53US cents
Dow Jones (DJI): down 1.48%
Oil (WTI): $US54.93 per barrel
Gold: $US1,512 per ounce
ASX Sharemarket News
In ASX sharemarket news, Auckland International Airport Limited (ASX: AIA) has released its monthly traffic numbers.
Total passengers grew by 2.2% to 1.535 million drive by a 3.4% increase of domestic passengers to 709,000.
In terms of international passengers, which grew 1.9%, it was North American passengers that drove growth. USA passengers increased by 10.1% and Canada passengers went up 31.8%.
Queenstown Airport, which Auckland Airport has an investment in, saw passengers increase by 4.1%.
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Magellan Financial Group Ltd (ASX: MFG) has surprised the market by going into a trading halt this morning.
The international shares focused investment fund is going to undertake a capital raising whilst also issuing its FY19 result to investors this morning.
Magellan had a very strong year during FY19 with international markets, particularly the US market, rising strongly during the year whilst the Australian Dollar fell compared to the US Dollar.
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Annuity fund manager Challenger Ltd (ASX: CGF) has reported its full year result for FY19.
Challenger revenue grew by 8.3% to $2.37 billion, but net profit declined by 4.6% to $307.8 million. ‘Normalised’ net profit before tax went up $1 million to $548 million and ‘normalised’ net profit after tax dropped 2.5% to $396 million.
The Board of Challenger decided to maintain its final dividend at 18 cents per share, meaning that the total dividend for the year was 35.5 cents per share – the same as last year. The FY20 dividend is also expected to be 35.5 cents per share.
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