The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.68% on Monday.
Australian Dollar ($A) (AUDUSD): 72.27US cents
Dow Jones (DJI): up 0.70%
Oil (WTI): $US54.72 per barrel
Gold: $US1,312 per ounce
ASX Sharemarket News
In ASX sharemarket news, the big banks, particularly National Australia Bank Ltd (ASX: NAB) will receive the investor response to the Royal Commission report
which was released yesterday afternoon.
Ultimately it didn’t seem that bad for the big banks with no new major rules for them to worry about, it was mortgage broker and financial adviser industry that would go through the biggest changes.
But, NAB’s leadership was singled out by Commissioner Hayne for criticism. He commented on NAB Chairman Dr Henry, “I thought it telling that Dr Henry seemed unwilling to accept any criticism of how the board had dealt with some issues.
“I thought it telling that Mr Thorburn treated all issues of service as nothing more than carelessness combined with system deficiencies”.
Time will tell how long those two NAB officials stay in their roles.
[ls_content_block id=”15717″ para=”paragraphs”]
Real estate business Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) has reported its half year result to 31 December 2018 to investors
Funds from operations (FFO), which is essential the regular net rental return, grew by 17.5% to $65.9 million. On a per-unit basis FFO grew by 7.7% to 8.1 cents. Including capital expenditure maintenance and other costs like that, AFFO also grew by 17.5%.
SCA Property Group increased the distribution by 6.6% to 7.25 cents per unit, representing a payout ratio of 90%. The total value of he investment property portfolio was $3.15 billion, up $699.3 million since 30 June 2018.
Read more:
1 Of My Favourite ASX Small Caps – Supply Network Limited (ASX:SNL)
4 Reasons To Be Bullish About ResMed (ASX:RMD) Shares Despite The Selloff
Your 30-second Guide To The Banking Royal Commission Report
Why I Own Future Generation Investment Company Ltd (ASX:FGX) Shares
Sales financing business FlexiGroup Limited (ASX: FXL) announced a revision to its profit guidance this morning.
The company announced a $12 million after tax impairment in its commercial leasing business.
Cash net profit is now expected to be $32 million for the first halt of FY19, which is $3 million higher than the prior comparable period.
[ls_content_block id=”14948″ para=”paragraphs”
