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ASX 200 (XJO) To Open Higher, 3 ASX Shares To Watch

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.

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.”

Popular Stories:

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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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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