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ASX 200 (XJO) 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) fell by 0.69% 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) fell by 0.69% on Tuesday.

Australian Dollar ($A) (AUDUSD): 67.59US cents

Dow Jones (DJI): down 1.08%

Oil (WTI): $US53.96 per barrel

Gold: $US1,545 per ounce

ASX Sharemarket News

In ASX sharemarket news, Spark New Zealand Ltd (ASX: SPK) announced that its subsidiary Qrious is acquiring NOW Consulting with the idea of creating a market-leading data and analytics service.

Qrious is Spark’s owned data, analytics and AI business. NOW Consulting is the NZ based data consulting division of Wherescape.

Spark CEO Jolie Hodson said: “Data is fast becoming a business’ most valuable asset. When unleashed effectively, it provides a real competitive advantage.”

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Macquarie Group Ltd (ASX: MQG) has launched its share purchase plan (SPP) for regular investors to take part in the investment bank’s capital raising.

Macquarie has already raised around $1 billion from institutional investors and now regular investors will get the chance to invest up to $15,000 per person at a share price of either $120 or a 1% discount to the average share price over the five days before the offer closes, whichever is lower.

The amounts that people can apply for are $2,500, $5,000, $7,500, $10,000, $12,500 or $15,000.

The raised cash will be used to invest in what Macquarie thinks are good opportunities, particularly in the sectors of technology, renewables and infrastructure.

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Fletcher Building Limited (ASX: FBU) has announced that on 9 September 2019 it will start an on-market share buyback of up to 70 million shares, costing up to NZ$300 million.

The buyback will run for up to 12 months from 21 August 2019, which is the date of the disclosure document.

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