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ASX 200 (XJO) To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.45% 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 higher today, the USA’s S&P 500 Index (.INX) rose by 0.45% on Wednesday.

Australian Dollar ($A) (AUDUSD): 69.63US cents

Dow Jones (DJI): up 0.29%

Oil (WTI): $US60.40 per barrel

Gold: $US1,421 per ounce

ASX Sharemarket News

In ASX sharemarket news, assisted fertility business Monash IVF Group Ltd (ASX: MVF) announced after the market had closed yesterday that it has acquired Fertility Solutions in Queensland for an initial $2.1 million with further potential additional earn out payments over the four years to 30 June 2023.

Fertility Solutions performs over 300 stimulated cycles a year with revenue of around $3 million and is expected to add to profit immediately in FY20.

Monash IVF doesn’t currently serve in the Bundaberg or the Sunshine Coast region, so the acquisition adds geographical diversification of its earnings.

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Jewellery company  Michael Hill International Ltd (ASX: MHJ) has announced a trading update to 30 June 2019.

It said that it has achieved continuing sales performance momentum in the fourth quarter of FY19 with same store sales growth flat at 0.1% and total sales were down by 0.8%. Therefore total sales for the year were down by 3.5% for the year.

The company also said that its gross margin has fallen due to retail competition, it fell to 61.1% from 62.8% last year.

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Many interest rate sensitive businesses will be on watch this morning after the US Federal Reserve essentially said that it’s going to cut its interest rate later this month.

For example, one of the businesses that may see a change in share price today is Transurban Group (ASX: TCL) because it is often seen as a bond proxy.

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