The Navitas Limited (ASX: NVT) share price will come into focus again today after the company's share price was flatted on Monday. The NVT share price declined 14.9% for the day after what had been a relatively flat run since the beginning of 2017.
At the same time, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) will look to defend yesterday's gains, although the futures market is pointing to a slight dip at the open which could make that difficult.
Here's a quick recap:
- FTSE 100 (UK): down 0.33%
- DAX (Germany): down 0.57%
- CAC 40 (France): down 0.46%
- Dow Jones (USA): down 0.24%
- NASDAQ (USA): down 0.37%
The iron ore price is back below US$90 a tonne, according to The Metal Bulletin, which could weigh on the BHP Billiton Limited (ASX: BHP) share price, along with the Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) share prices.
According to The Australian Financial Review, some analysts now suggest the iron ore price could tumble as much as 30% during the second half of the year. That could put a real dent in the miners' share prices.
Elsewhere in the resources sector, the gold price came under further pressure overnight. Shares of businesses such as St Barbara Ltd (ASX: SBM) and Evolution Mining Ltd (ASX: EVN) have come under pressure in recent sessions and the same could happen today.
Other shares that could receive some attention today include Aconex Ltd (ASX: ACX) and iSentia Group Ltd (ASX: ISD), both of which experienced strong rallies on Monday.
Small-cap biotechnology group Dorsavi Ltd (ASX: DVL) could also receive some attention after it closed 6.3% lower yesterday at 37.5 cents. According to the Dow Jones Newswires, Dorsavi's shares were initiated at a 'buy' with a 63-cent share price target by Bell Potter.
Before getting started on your day, be sure to check out these two articles:
