Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

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 1.23% on Tuesday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.23% on Tuesday.

Australian Dollar ($A) (AUDUSD): 67.04US cents

Dow Jones (DJI): down 1.28%

Oil (WTI): $US53.98 per barrel

Gold: $US1,480 per ounce

ASX Sharemarket News

In ASX sharemarket news, investors will get to react to the news that big banks like Commonwealth Bank of Australia (ASX: CBA) aren’t passing on the full rate cut to borrowers.

CBA decided it would pass on 0.13% of the rate cut to occupier principal and interest loans. It said it would also pass on 0.13% to investor principal and interest loans. But interest only loans will be cut by 0.25%.

The decision not to pass on the full cut will attract the ire of the public and politicians, but it will keep the net interest margin (NIM) at a respectable margin.

[ls_content_block id=”15758″ para=”paragraphs”]

Mayne Pharma Group Ltd (ASX: MYX) announced that it has signed a 20-year exclusive supply and license agreement with Mithra Pharmaceuticals to commercialise a novel oral contraceptive comprising Estetrol and drospirenone in the United States.

Studies which enrolled more than 3,700 women have been completed, approval and launch is expected in the first half of 2021.

EBITDA (click here to learn what EBITDA means) is expected to be positive in the first full financial year after approval, with peak net sales potential to exceed US$200 million per year.

Popular Stories:

Macquarie Group Ltd (ASX: MQG) is in the news this morning after buying Farnborough Airport, according to the Australian Financial Review, which services the super rich.

It claims to be the oldest airport in the UK and is only 50km from London. It services 30,000 flights a year and 60 aircraft are based there.

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content