The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets.
Here's a recap:
- FTSE 100 (UK): down 1.16%
- DAX (Germany): down 1.8%
- CAC 40 (France): down 1.85%
- Dow Jones (USA): down 0.74%
- NASDAQ (USA): down 0.94%
In London, concerns over Brexit appeared to weigh on sentiment, with broad based selling in most European markets. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished 0.39% and 0.45% lower, respectively.
US markets followed Europe's lead in trending lower despite pundits forecasting Brexit to have little impact on American markets over the long-term. Notably, shares of LinkedIn Corp jumped 46% following a takeover offer from Microsoft.
Closer to home, the Sydney Futures Exchange is tipping a 40-point, or 0.7%, fall in the S&P/ASX 200.
Shares in focus will include Newcrest Mining Limited (ASX: NCM). This morning, the gold miner announced it recommenced production at the Kencana mine. Full production is not expected for two months.
MMA Offshore Ltd (ASX: MRM) released a trading update revealing the offshore oil and gas vessel market "continues to remain under significant pressure". As a result, 2016 operating profit is now expected to be slightly below previously stated guidance.
Tawawood Limited (ASX: TWD) said favourable conditions with council and finance approvals had enabled the group to announce a profit increase of between 20% and 25% for the 11 months ended May 2016. The company said it increased its directors' fees and the managing director's base salary by 5.8%.
IMF Bentham Ltd (ASX: IMF) announced its wholly owned subsidiary, Bentham Capital LLC, agreed to fund a further matter in the United States with an initial claim value of $25 million.
Nuplex Industries Ltd (ASX: NPX) said a court had approved the convening of a special meeting to vote on the Allnex proposal.
Mesoblast Limited (ASX: MSB) announced its partner in the MPC technology platform for the cardiovascular field, Teva, has concluded works with the company.
Finally, in broker news:
