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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 up by 0.14% on Friday, it was closed on Monday because of Memorial Day.
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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 up by 0.14% on Friday, it was closed on Monday because of Memorial Day.

Australian Dollar ($A) (AUDUSD): 69.19US cents

Dow Jones (DJI): down 0.74% on Friday

Oil (WTI): $US59.11 per barrel

Gold: $US1,285 per ounce

ASX Sharemarket News

In ASX sharemarket news, dairy business Synlait Milk Ltd (ASX: SM1) has announced an opening forecast base milk price for the upcoming 2020 season is $7 kgMS.

The 2019 season forecast base milk price has increased from $6.25 kgMS to $6.40 kgMS. The final price will be confirmed with the annual result announced in early September 2019.

Synlait CEO Leon Clement said: “The increase to $6.40 kgMS for this season is due to recovering dairy commodity prices since our last update in January 2019. We’ve seen steady improvements in prices since the start of December, recovering a lot of the ground lost earlier in the season. We think it’s realistic in the light of the current slowdown in world supply and strong demand from our key markets.”

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Commonwealth Bank of Australia (ASX: CBA) CEO Matt Comyn is going to talk at a business lunch today, according to the Australian Financial Review. 

Mr Comyn hopes to embrace a new mindset to fix mistakes faster and cut customer fees. The big bank has a lot of work to do to win back community trust after a harrowing experience from the Royal Commission.

The CBA boss will say that banks have to be capable and reliable, to act transparently, and to deliver better outcomes for customers and the community.

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Oil businesses could be some of the better ASX200 performers today with the oil price rising. One to watch could be the share price of Beach Energy Ltd (ASX: BPT).

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