The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.79% on Wednesday.
Australian Dollar ($A) (AUDUSD): 67.07US cents
Dow Jones (DJI): down 1.86%
Oil (WTI): $US52.53 per barrel
Gold: $US1,499 per ounce
ASX Sharemarket News
In ASX sharemarket news, Macquarie Group Ltd (ASX: MQG) is in the news this morning with it look to sell the development rights to the south office tower of its Martin Place Metro Station precinct project according to reporting by the Australian Financial Review.
Macquarie can build two towers at the north and south entrances of the future Martin Place metro station. The investment bank will think it can get a very good price due to the surge of investors into commercial property.
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Webster Limited (ASX: WBA) has announced this morning that a subsidiary of the Public Sector Pension Investment Board (PSP Investments) is going to acquire all of the Webster shares it doesn’t already own for $2.
This represents a 57% premium to the most recent closing share price and a 60% premium to the average price over the past 30 days. It also represents a 47% premium to the net assets per share (including water rights) at 31 March 2019.
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European exposed shares like Ramsay Health Care Limited (ASX: RHC) will be under scrutiny today. Not only because of the general market sell-off, but the US is now likely to impose tariffs on EU goods amounting to US$7.5 billion.
EU goods like aircraft, cheese, olives and clothes could see tariffs put on them later this month. Aircraft will get a 10% tariff whilst a 25% tariff will be put on agricultural and other items.
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