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

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

S&P/ASX 200 Expected To Start Flat

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

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

Here’s the key headline data:

SFE ASX 200 futures: -6 points

Australian Dollar ($A) (AUDUSD): 78 US cents

Dow Jones (DJI): down 0.5%

Oil (WTI): $US67.18 per barrel

Gold: $US1,344 per ounce

On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished up 0.8% and 0.9%, respectively, according to Yahoo! Finance.

Australian Investing News

Making news in Australia and on the ASX, Rio Tinto Limited announced that it would declare ‘force majeure‘ on some of its customer contracts following US sanctions on Russia. Force majeure is a mechanism to avoid fulfiling a contract because something outside of your control has taken place.

The US sanctions on Russia are a response to the country’s alleged ‘meddling’ in the US presidential elections. They affect Rio’s Queensland alumina refinery and bauxite sales because 20% of the refinery is owned by Russian aluminium producer, Rusal.

Further down the ASX and financial technology company Praemium Ltd (ASX: PPS) released its March update revealing funds under management of $7.8 billion.

“The March quarter was a tough one for equity markets globally with declining valuations and an increase in volatility,” Praemium CEO Michael Ohanessian said. “Despite an increase in investor uncertainty, we are pleased that our asset inflows held up and our overall FUA increased 5% over the December quarter.”

Transurban Group (ASX: TCL), the owner of many of Australia’s busiest toll roads, provided its update for March. Transurban said average daily traffic was 2.7% higher during the period with growth across all Australian markets.

Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.

Click here to join The Rask Group’s Investor Club Newsletter Today

 

Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of EthicsDisclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance. 

$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 TermsFinancial Services GuidePrivacy 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.

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 TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content