The Brambles Limited (ASX: BXB) share price will be in focus today after the company released its earnings results this morning. Broadly speaking, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to rise with the futures market pointing to a 5-point gain at the opening bell.
Here's a quick recap:
- FTSE 100 (UK): up 0.3%
- DAX (Germany): flat
- CAC 40 (France): down 0.65%
- Dow Jones (USA): up 0.02%
- NASDAQ (USA): up 0.41%
Brambles reported a 5% increase in sales revenue during the first half of financial year 2017. Its underlying profit rose a narrower 3%.
NIB Holdings Limited (ASX: NHF) will also be in focus after it released its own results. Total group revenue increased 7.3% while its net profit result soared 65%. Shares of its rival, Medibank Private Ltd (ASX: MPL), could also move today depending on how the market responds to NIB's results.
Other companies that have reported their earnings results today include iSelect Ltd (ASX: ISU), Nanosonics Ltd. (ASX: NAN), gold miner Northern Star Resources Ltd (ASX: NST) and BlueScope Steel Limited (ASX: BSL).
Medical Developments International Ltd (ASX: MVP), whose share price fell 1% on Friday, also reported a 34% increase in first-half revenue and a 74% increase in net profit.
Elsewhere, the iron ore and oil prices edged higher during the latest session which could provide some support for shares such as BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO).
Gold, on the other hand, slipped 0.3% and is now fetching US$1,234 an ounce. That could weigh on businesses such as St Barbara Ltd (ASX: SBM) or Evolution Mining Ltd (ASX: EVN).
Before getting started on your day, be sure to check out these two articles:
