Morning Wrap: ASX 200 Set for Gains, S&P 500 Ends Losing Streak, Nvidia Surpasses Earnings Projections

by admin

Stocks Trading Ex-Dividend and Corporate Actions Update

As investors keep a close watch on market movements, here are the key upcoming stocks trading ex-dividend:

  • Thursday, 21 May: Orica (ORI) will be paying a dividend of $0.285.
  • Friday, 22 May: No stocks will be trading ex-dividend.
  • Monday, 25 May: Aristocrat Leisure (ALL) is set to announce a dividend of $0.50, while Embark Early Education (EVO) will pay $0.015.
  • Tuesday, 26 May: Elders (ELD) will distribute $0.18, and Newmont (NEM) will pay $0.254 per share.

Today’s ASX Corporate Actions

In other developments on the Australian Stock Exchange (ASX) today, several important corporate actions are noted:

  • Dividends Paid: Myer (MYR) has distributed dividends.
  • Initial Public Offerings (IPOs): SkinKandy (SK1) is set to launch at 12:30 PM.
  • Earnings Reports: The Australian Agricultural Company (AAC) is releasing its earnings.
  • Annual General Meetings (AGMs): The following companies are holding AGMs today:
    • Karoon Energy (KAR)
    • Nine Entertainment (NEC)
    • Ventia Services (VNT)
    • Viva Energy (VEA)

Economic Calendar (AEST)

Key economic data releases to watch today include:

  • 9:00 AM: Australia’s S&P Manufacturing and Services PMI will be released, providing insight into the health of the manufacturing sector.
  • 11:30 AM: The unemployment rate in Australia will be announced.
  • 6:00 PM: The Eurozone’s S&P Manufacturing and Services PMI will follow.
  • 6:30 PM: The UK’s S&P Manufacturing and Services PMI is also scheduled for release.

Investors are advised to monitor these dates closely as they may influence trading strategies and market sentiment.

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