MENU

4 big stories that affected the ASX 200 (ASX:XJO) this week

The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) was eventful this week. Here are four big stories that affected the ASX 200 index:

Trade war off, trade war on

A week ago things looked rosy as President Trump and the Chinese leader Xi Jinping agreed a 90-day truce on the trade war where tariffs would not be increased to 25%. This sent growth shares like Altium Limited (ASX: ALU) higher.

However, then came the news of the arrest of the Huawei executive which sent tensions rising and share prices down as hope vanished for the near-term removal of tariffs.

CSL Limited (ASX: CSL) just keeps expanding

The ASX 200 is becoming influenced to a greater extent by the healthcare giant and there is plenty of more opportunities ahead as CSL unveiled its latest product R&D pipeline.

CSL could be one of the best healthcare businesses on the ASX and its current pipeline should result in profit growth for several years to come.

Takeovers continue

The latest ASX business facing a takeover is Graincorp Ltd (ASX: GNC) which received a preliminary offer from Long-Term Asset Partners for $10.42 per share.

The acquisition includes a complex financing structure with significant leverage comprising $3.2 billion in acquisition facilities from Goldman Sachs and $400 million from Westbourne Capital.

IOOF Holdings Ltd (ASX: IFL) is smashed

An APRA notice smashed the share price by 35% with the regulator seeking disqualification orders against most of the IOOF leadership team.

IOOF also faces additional risk, compliance and monitoring costs if APRA is successful in imposing licence conditions on IOOF’s APRA regulated entities.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.