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ALL ORDINARIES Index Down, Xero (ASX:XRO) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.11% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.11% at lunch.

The overall market appears to be down due to the US Federal Reserve deciding to raise its interest rate by another 0.25% and expecting

The Xero Limited (ASX: XRO) share price is currently down 3.09% after announcing it is raising US$300 million through convertible notes and also provided a FY19 trading update.

Shares of Afterpay Touch Group Ltd (ASX: APT) are up a further 0.35% this morning, after going up 6% yesterday, due to announcing it was now working with dentists to provide its buy now, pay later service.

The share price of Speedcast International Ltd (ASX: SDA) is up 5.7% so far with the communications company announcing the pricing of its US$175 million incremental term loan. The price will be ‘LIBOR’ plus 2.75%. LIBOR is a short term bank loan benchmark.

Shares of Wealth Defender Equities Ltd (ASX: WDE) are up another 1% after the company continues to be taken over by WAM Capital Limited (ASX: WAM).

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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