Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site.

Join Free
Log in

S&P/ASX 200 Tipped To Open lower

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in negative territory on Wednesday, as the Australian Dollar (A$) (AUDUSD) hovers at 81 US cents.
Picture of Rask Invest Research Team

Rask Invest Research Team

The Rask Invest research team produces daily ASX news and research on ASX-listed companies and funds. Join the conversation inside the free investor community. Click here to have your say.
More analysis

The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open lower on Wednesday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: -19

Australian Dollar ($A) (AUDUSD): 80.84 US cents

Dow Jones: down 1.4%

Oil (WTI): $US64.38 per barrel

Gold: $US1,340 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.9% and 1%, respectively.

Australian Investing News

This morning, shares of Sirtex Medical Limited (ASX: SRX), the embattled biotechnology company, will be a focal point for investors. Yesterday evening, after the ASX closed, investors learned that Sirtex’s board unanimously recommended a takeover offer from Varian Medical Systems Inc. which values Sirtex shares at $28. That’s substantially higher than Sirtex’s last traded price of $18.83. Between 2015 and June 2017, Sirtex shares fell from around $40 per share to less than $12.

Commenting on the takeover (“scheme”), Sirtex’s interim Chair Dr John Eady said, “In recommending the Scheme, we have considered the future potential prospects and the risks associated with an investment in Sirtex.”

Also making news this morning, Treasury Wine Estates Ltd (ASX: TWE) reported its half-year financial results to the ASX showing a 2.3% fall in revenue but a 37% increase in profit.

“I am very pleased to report another strong result in 1H18,” Treasury Wines CEO, Michael Clarke, said. “‘Fixed’ regions, Asia, Europe and ANZ, are outperforming expectations, and we are now taking some exciting steps to really transform our route-to-market in the United States, and further strengthen the long-term outlook for the Americas region.”

Origin Energy Ltd (ASX: ORG), a $16 billion energy company, released its quarterly production report this morning. Origin said its upstream revenue rose 40% for the first half of its 2018 financial year, with sales revenue of $1.35 billion.

“Australia Pacific LNG continued to perform well, delivering reliable upstream and downstream production in the December quarter,” Origin CEO Frank Calabria said.

Want To Join An Investor’s Club Newsletter?

You can join Rask’s FREE investor’s club newsletter today for all of the latest analysis and education on investing. Join today – it doesn’t cost a thing.

Keep Reading

 

Disclaimer: This article contains general information only. It is no substitute for licenced financial advice and should not be relied upon. By using our website you agree to our Disclaimer & Terms of Use and Privacy Policy.

$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!)

Access the stock reports

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.

Latest stories

Free analyst reports

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

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

Skip to content