The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.00% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.48US cents
Dow Jones (DJI): up 0.89%
Oil (WTI): $US52.92 per barrel
Gold: $US1,481 per ounce
ASX Sharemarket News
In ASX sharemarket news, investors will get a chance to react to Australia and New Zealand Banking Group’s (ASX: ANZ) response to the APRA subsidiary capital investment treatment.
In the update ANZ explained what APRA is suggesting for all banks. It provides a capital benefit for investments in small subsidiaries (like China, Indonesia, Papua New Guinea and Thailand) but a negative impact for large subsidiaries (i.e. New Zealand).
Based on ANZ’s investments in its subsidiaries at 30 June 2019 and no offsetting actions, it implies a reduction of ANZ’s Level 1 CET1 capital ratio of up to around $2.5 billion (0.75%, or 75 basis points).
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Reject Shop Ltd (ASX: TRS) has announced a trading update saying that its positive momentum is continuing.
In the first 15 weeks of FY20, comparable sales are up 0.3%, compared to a decline of sales of 2.5% in the second half of FY19.
Acting CEO Ms Dani Aquilina said: “While only in the early stages of our turnaround, I am pleased to communicate a return to positive comparable sales. Our customers are responding positively to the changes that we are making, which re-engages with the company’s core DNA.”
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Clean Seas Seafood Ltd (ASX: CSS), which claims to be the global leader in full cycle breeding, production and sale of yellowtail kingfish has announced it is offering convertible notes to shareholders.
The notes will pay a semi-annual rate of 8% per year which are convertible into ordinary shares at an 8% discount to the average market share price and it has a three-year term to maturity. It’s raising up to $15.3 million.
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