Today's ASX news
Westpac (ASX:WBC) is predicting RBA interest rate rises sooner
Westpac Banking Corp (ASX:WBC) has brought forward its expectations of when it thinks the RBA will increase interest rates in Australia.
June 19, 2021
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
Westpac Banking Corp (ASX:WBC) has brought forward its expectations of when it thinks the RBA will increase interest rates in Australia.
The Woolworths Group Ltd (ASX:WOW) share price is down on news of legal action because of its wages underpayment issues.
The Betmakers Technology Group Ltd (ASX:BET) share price has risen more than 6% after completing its Sportech’s acquisition.
The Altium Limited (ASX:ALU) share price is up after the software business gave an update about trading and its strategy.
The Bubs Australia Ltd (ASX: BUB) share price has jumped 20% in early reaction to US expansion news with Walmart.
The Seven West Media Ltd (ASX:SWM) share price is up around 10% after giving a trading update showing strong profit growth.
The Challenger Ltd (ASX:CGF) share price is dropping after the annuity business gave an update to the market.
The Sonic Healthcare Ltd (ASX:SHL) share price is on watch after revealing a large acquisition called Canberra Imaging Group.
The US Federal Reserve has indicated that interest rate rises are likely to come earlier than expected. What does this mean for ASX shares?
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