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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 by 0.61% on Tuesday.
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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 by 0.61% on Tuesday.

Australian Dollar ($A) (AUDUSD): 71.22US cents

Dow Jones (DJI): down 0.72%

Oil (WTI): $US63.98 per barrel

Gold: $US1,304 per ounce

ASX Sharemarket News

In ASX sharemarket news, the Crown Resorts Ltd (ASX: CWN) share price could come under pressure.

Yesterday, we learned that US-based Wynn Resorts (NASDAQ: WYNN) was in discussions about a takeover with an implied value of $14.75 per share. The result of the takeover was to send the Crown Resorts share price up around 20% yesterday.

But Wynn has some come out and complained about the fact the talks were confidential, therefore the deal is off. If the talks are indeed over then the Crown share price could decline back to the pre-bid level.

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Tilt Renewables Ltd (ASX: TLT), a renewable energy business, has announced how much energy it generated in the March 2019 quarter and the full year result.

The company said that it generated 2,054 GWh from its portfolio of eight operational wind farms. The 2019 production was 14% ahead of the previous year.

FY19 saw production being 1% ahead of long term expectations, with very soft wind conditions, particularly in Australia.

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Jewellery business Michael Hill International Ltd (ASX: MHJ) has issued a trading update for the March 2019 quarter.

Michael Hill said that sales were stabilising with total sales down 0.8% and same store sales down 1.5%. However, same store sales grew in March with encouraging signs from the adoption of a new retail operating model.

The jewellery business said its gross margin was 62.1% for the first nine months and online sales grew by 53% to $12.5 million, now being 2.9% of total sales.

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