ASX set to rise; Barton resigns as Crown CEO

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Summary

  • The Australian sharemarket is expected to bounce back from Friday’s losses with an early rise. ASX futures were up 37 points, or 0.5%
  • Wall Street’s lead is strong, with the S&P 500 and Nasdaq setting record closing highs on Friday to close out the week 
  • Coca-Cola European Partners has increased its takeover offer price for Coca-Cola Amatil from $12.75 per share to $13.50 cash per share
  • Crown Resorts chief executive Ken Barton stepped down this morning with immediate effect. Helen Coonan will lead the company as Executive Chairman while the Board oversees a search for a new CEO

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Good morning

Good morning all and welcome to a new week with Markets Live. Alex Druce and Lucy Battersby are on deck and will take you through today’s news.

The ASX is set to bounce back after slipping on Friday as Victoria prepared to head into lockdown. Wall Street rose on Friday, while a number of Asian markets remain closed for Lunar New Year.

Today’s earnings results include JB Hi-Fi, Nearmap, Altium, Beach, Aurizon, Bank of Queensland, and Seven West.

This blog is not intended as financial advice

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