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ASX 200 To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.46% on Wednesday.
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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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The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.46% on Wednesday.

Australian Dollar ($A) (AUDUSD): 70.86US cents

Dow Jones (DJI): down 0.13%

Oil (WTI): $US59.40 per barrel

Gold: $US1,310 per ounce

ASX Sharemarket News

In ASX sharemarket news, Amcor Limited (ASX: AMC) has announced that the registration statement on Form S-4 has been declared effective by the Securities and Exchange Commission to acquire Bemis.

As a reminder, Bemis operates 57 packaging plants in 12 countries but it is predominately based in the United States. It provides packaging for food, healthcare and consumer goods sectors, including foil lids for yoghurt pots, flexible plastic pouches for sauces and soups, and printed plastic wrappers for cheese.

Bemis shareholders will be voting on the proposed transaction on 2 May 2019 in Chicago.

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Pact Group Holdings Ltd (ASX: PGH) has appointed a new managing director and CEO.

Mr Sanjay Dayal is the choice, where he was previously the Chief Executive of Building Products, Corporate Strategy and Innovation at BlueScope Steel Limited (ASX: BSL).

Pact Chairman Raphael Geminder said: “Importantly for Pact, he has led and managed complex major integration and restructuring initiatives. His background will be invaluable as we execute the optimisation of our network and continue to drive value from the integration of our recent acquisitions.”

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Air New Zealand Limited (ASX: AIZ) has announced a number of initiatives to maximise and diversify the revenue.

The airline business is planning for network growth of 3% to 5% on average over the next three years, which means it has been revised down from 5% to 7% to reflect a slower demand growth environment.

However, Air New Zealand will be launching direct flights between Auckland and Seoul from November 2019 and increasing the frequency of flights between Auckland & Taipei and Auckland & Chicago.

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