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. Click here to give us your advice and feedback.

Join Free
Log in

S&P/ASX 200 Morning News

Here are today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.
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

$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 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 Owen's report

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.

Here are today’s headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles.

First, here are the data points:

Australian Dollar ($A) (AUDUSD): 72.24 US cents

Dow Jones (DJI) : up 0.1%

Oil (WTI): $US73.50 per barrel

Gold: $US1,195 per ounce

Australian Finance News

The finance industry is still coming to grips with the bank Royal Commission’s interim report which revealed, among many other things, that it may not necessarily be in the best interests of the community or industry to add additional laws and complexity. Instead, changing the way the industry is administered may help.

As a result of the Commission and the public hearings, we’ve witnessed AMP Limited (ASX: AMP) lose its CEO, Westpac Bank (ASX: WBC) fined $235 million and much more.

Read more here: 2 Takeaways From The Royal Commission Interim Report

In sharemarket news today, Orocobre Limited (ASX: ORE) announced Martin Perez de Solay will become the company’s CEO.

“Martin is a highly accomplished Chief Executive with the ideal blend of skills, experience and knowledge to lead Orocobre though the next stages of its development,” Orocobre Chairman Robert Hubbard said. Mr Perez de Solay will receive a fixed base salary of $US700,000 per year.

Gold company Northern Star Resources Ltd (ASX: NST) made an ASX announcement following the completion of its takeover of the Pogo Gold Project in Alaska.

“On behalf of Northern Star, I would like to thank Sumitomo for their assistance and the outstanding condition in which they have left the Pogo mine,” Northern Star Chairman Bill Beament said.

Rask Media recently covered Northern Star’s $US260 million acquisition in more detail here: “Northern Star Resources Ltd (ASX:NST) Golden Pogo Deal”

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  Castbox, YouTube or wherever you choose to listen.

Here’s a timeless interview with former stockbroker, Charlie Aitken.

*As voted by us

Latest stories

Passive income guidebook

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