Today's ASX news
CBA (ASX:CBA) And ANZ (ASX:ANZ) Both Cut Interest Rates
Commonwealth Bank of Australia (ASX:CBA) has announced that it intends to pass on the full rate cut by the RBA to consumers.
June 4, 2019
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
Commonwealth Bank of Australia (ASX:CBA) has announced that it intends to pass on the full rate cut by the RBA to consumers.
For the first time in almost three years, the Reserve Bank of Australia (RBA) has cut Australia’s interest rate by 0.25% to 1.25%.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.19% at lunch.
Property business Mirvac Group (ASX:MGR) has announced a $333 million acquisition.
PayPal is expanding its Pay After Delivery service, should Afterpay Touch Group Ltd (ASX:APT) worry?
Coca-Cola Amatil Ltd (ASX:CCL) has announced that it is going to sell its SPC fruit and vegetable processing business.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down by 0.28% on Monday.
The Metcash Limited (ASX:MTS) share price is up 0.85% after the company announced a new agreement.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.69% at lunch.
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