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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) went up 0.37% on Monday.
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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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The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.37% on Monday.

Australian Dollar ($A) (AUDUSD): 68.81US cents

Dow Jones (DJI): up 0.42%

Oil (WTI): $US56.55 per barrel

Gold: $US1,510 per ounce

ASX Sharemarket News

In ASX sharemarket news, Westpac (ASX: WBC) has given an update about its capital raising.

Westpac has successfully completed its $2 billion institutional placement. Around 79 million new shares will be issued at a share price of $25.32 per share. All shares were allocated.

The shares are expected to settle on 7 November 2019 with new shares to trade on 8 November 2019 under the code “WBCNB” because they will not be entitled to the 2019 final dividend of $0.80 per share.

The share purchase plan (SPP) for regular investors is next.

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Speedcast (ASX: SDA) has announced a ratings update this morning.

The company explained that global ratings agency S&P Global has lowered its issuer credit rating from B to B- and maintained the outlook as ‘Negative’.

Speedcast has already disclosed to investors that it doesn’t have a ratings covenant in its debt facilities and this won’t have a direct impact on funding costs.

The company said it continues to purchase a range of operational initiatives to improve its cost profile, working capital and cash flow performance as well as other initiatives to improve the company’s financial position.

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New Zealand bank Heartland (ASX: HGH) has announced that it’s working with Kia Motors New Zealand to launch Kia Finance.

The Kia Finance products were available in Kia dealerships from 4 November 2019.

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