The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful again this week. Here are four big stories you may have missed that affected the ASX 200 index:
Xero Limited (ASX: XRO) impresses
Cloud accounting software business Xero reported its FY19 annual result this week.
Not only did the company report impressive growth of subscriber numbers, revenue and its gross margin, but most importantly it reported that it achieved positive free cash flow and made a net profit in the second half of its FY19.
Pleasingly, the company said it is making great progress in the UK as well.
Property to make a comeback?
The property market could have a short-term boost of confidence after the Morrison Government surprised at the Federal Election.
With Labor's proposed changes to negative gearing and capital gains discount not going ahead, some property buyers may be willing to pay a little more. We may some property businesses get a bit of a boost like Boral Limited (ASX: BLD) and Lendlease Group (ASX: LLC) next week.
Certain shares to bounce on Monday?
Franking credits also seem safe, so a number of high-yielding companies that investors may have sold off could be on course for a recovery next week.
The typical favourites like Commonwealth Bank of Australia (ASX: CBA) and Telstra Corporation Ltd (ASX: TLS) could seem more attractive to retirees again whilst listed investment companies (LICs) such as WAM Capital Limited (ASX: WAM) could also be boosted.
Golden opportunity in Canada?
The share price of ASX200 gold miner St Barbara Ltd (ASX: SBM) had plunged by the end of the week after it announced it was doing a capital raising to fund its A$768 million acquisition of Canada-based and TSX-listed gold business Atlantic Gold Corporation.
