The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 1.56% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.30US cents
Dow Jones (DJI): down 1.19%
Oil (WTI): $US52.57 per barrel
Gold: $US1,506 per ounce
ASX Sharemarket News
In ASX sharemarket news, big banks like Australia and New Zealand Banking Group (ASX: ANZ) are under pressure for the huge profits they make.
The Australian Financial Review is reporting that a former banker from NAB and ANZ called Joseph Healy has said the big banks have too much market power and are extracting unreasonable profit from the economy.
Therefore, the banker is suggesting that the big four banks should be broken up.
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BHP Group Ltd (ASX: BHP) is holding an investor and analyst today in London on ‘Social Value’.
The purpose is to provide details on how social value underpins BHP’s strategy, how it plays an important role in decision making and how it can drive better outcomes for all BHP stakeholders.
BHP Chief External Affairs Officer Geoff Healy said: “For us, it is – plain and simple – good business. We are part of a society that expects more of us. We recognise that our success depends on our ability to earn their trust and confidence. And we know that this means changing the way we do business at all levels from local to global.”
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Chorus Ltd (ASX: CNU) has given its first quarter FY20 connections update.
Total broadband connections grew by 10,000 to 1,206,000, total fixed line connections dropped by 6,000 to 1,444,000 and monthly average data usage rose to 279GB.
Chorus also announced that NBN Chief Strategy Officer JB Rousselot will be its new CEO in just over a month from now.
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