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3 ASX 200 shares I’m watching this week

Last week was another big week for ASX 200 shares as the Aussie index surged to a new record high.

The S&P/ASX 200 Index (INDEXASX: XJO) crashed through the 7,000 point barrier for the first time ever to close the week at 7,064.10 points.

Some of Australia’s largest companies led the way with CSL Limited (ASX: CSL) and Macquarie Group Ltd (ASX: MQG) both hitting new all-time highs.

With another big few days heading our way, here are 3 ASX 200 shares that I’ll be keeping my eye on this week.

1. Lynas Corporation Ltd (ASX: LYC)

One of the last updates from the week came from Lynas Corp at 5:18pm on Friday afternoon.

The ASX 200 mining group’s shares will be worth watching when the markets open on Monday after its Malaysian litigation update.

Three individuals in Malaysia commenced legal action against its the company’s Malaysian subsidiary. The group said these individuals have lodged previous court challenges, all of which have been dismissed.

However, after a big 2019 for the rare earths company, I’ll be keeping an eye on movements throughout the week.

2. Commonwealth Bank of Australia (ASX: CBA)

The Commonwealth Bank share price was one of last week’s big winners but went largely unnoticed.

In a week where big-name ASX 200 shares like Macquarie and CSL hit new record highs, CBA reached a new 52-week high of $84.96 per share.

I’ll be keeping my eye on the Big Four banks this week as it continues to march towards the $100 barrier. 

3. Insurance Australia Group Ltd (ASX: IAG)

The Aussie insurer will be one of those ASX 200 shares I’m keeping an eye on this week.

One of the big things I’ll be watching is for updates on the Australian bushfires raging across the country.

IAG provided an update back in November on the fires in Queensland and New South Wales but that was before the fires spread rapidly across all parts of the country.

As a major insurer in Australia, I’ll be watching to see how the group’s February earnings might be impacted by the ongoing disaster.

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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of Insurance Australia Group Limited. 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.

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