The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.10% on Monday.
Australian Dollar ($A) (AUDUSD): 71.26US cents
Dow Jones (DJI): down 0.32%
Oil (WTI): $US64.39 per barrel
Gold: $US1,298 per ounce
ASX Sharemarket News
In ASX sharemarket news, Netwealth Group Ltd (ASX: NWL) shares could be one to watch this morning because it announced after the market had closed that it had won the ANZ Private contract.
Netwealth will provide ANZ Private with its multi-asset, multi-currency investment offering including discretionary managed portfolios, domestic and international equities and bonds, domestic managed funds, term deposits and foreign currency.
The new platform arrangement is expected to start in July 2019, with further capabilities added to clients over time. Netwealth will look to add further products and asset classes in time.
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Mineral Resources Limited (ASX: MIN) announced this morning that it plans to offer up to US$750 million of senior unsecured notes, or bonds. Mineral Resources has a particular focus on iron ore and lithium.
The Perth based resources business plans to use the cash raised to refinance existing debt facilities and for “general corporate purposes”.
However, these notes are only being offered to qualified institutional buyers.
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Sims Metal Management Ltd (ASX: SGM) is one of the world’s leading metals and electronics recycling businesses.
The company released an investor presentation this morning showing that there is projected to be growing demand for copper and aluminium due to power grids, electric vehicles, packaging and construction.
Sims Metal pointed to the fact it is well placed to serve this growing demand with 50 facilities across Australia, New Zealand and Papua New Guinea.
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