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S&P/ASX 200 To Open Higher, 3 ASX Shares To Watch

The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.07% on Tuesday.

The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.07% on Tuesday.

Here are the data points:

Australian Dollar ($A) (AUDUSD): 71.99 US cents

Dow Jones (DJI): up 0.65%

Oil (WTI): $US51.92 per barrel

Gold: $US1,289 per ounce

ASX Sharemarket News

In ASX sharemarket news, UK-related shares could be volatile this morning with the UK Parliament rejecting Prime Minister’s Brexit plan being rejected by 230 votes, the largest defeat for a sitting UK government in history.

There are a number of ASX businesses with UK operations, but one that has a very large percentage of its earnings in the UK is National Australia Bank Ltd (ASX: NAB) spin-off CYBG Plc (ASX: CYB), the business that owns Clydesdale Bank and Yorkshire Bank which is in the process of merging with Virgin Money.

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Property business GPT Group (ASX: GPT) has announced it’s going to sell its 50% share of the MLC Centre, which is an office tower and retail complex of 66,829 square metres of office space, 6,013 square metres of retail space, a theatre and 308 car spaces.

GPT CEO Bob Johnston said: “The Group plans to reinvest the proceeds from the sale into its development pipeline, which includes the new office tower at 32 Smith Street, Parramatta, and a planned new office tower at Melbourne Central. 

The divestment is expected to be neutral to earnings in 2019, and it will see Sydney office exposure decrease to 60% from 65% and the Melbourne weighting increasing to 34% from 30%.

Read more:

My Favourite ETF of 2019

BHP pays a 4% dividend yield – now what?

Can 5G Save Telstra Shares?

Is the CSL Share Price Seriously Cheap?

The NAB (ASX: NAB) share price could actually be one to watch today too. Yesterday its online-only bank, UBank, announced that it would be increasing the interest rate of several of its interest-only offerings. Considering the RBA hasn’t increased its interest rate, this could indicate a boost to the NAB bottom line.

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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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