The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise this morning. The futures market is pointing to a 10-point rise at the open, aided by a jumping iron ore price.
Here's a quick recap:
- FTSE 100 (UK): up 0.05%
- DAX (Germany): up 1.25%
- CAC 40 (France): up 0.47%
- Dow Jones (USA): up 0.29%
- NASDAQ (USA): up 0.94%
According to The Metal Bulletin, the iron ore price rose 3.3% to US$57.79 a tonne. That could help the Fortescue Metals Group Limited (ASX: FMG) share price, the Rio Tinto Limited (ASX: RIO) share price, and the BHP Billiton Limited (ASX: BHP).
That said, BHP's shares could also be impacted by a 1.3% decline in oil prices. Gold was up about 1% to just under US$1,280 an ounce and the Australian dollar was fetching US74.35 cents.
The Medical Developments International Ltd (ASX: MVP) share price will likely get some attention today after the group signed a significant Manufacturing Development project with CSIRO. The agreement extends the business' existing partnership with the research organisation, with MVP investing up to $3 million in the project over three years. Its shares rose more than 5% during Friday's session.
The Sirtex Medical Limited (ASX: SRX) share price could also get some attention after it presented its SIRveNIB study data.
Blackmores Limited (ASX: BKL) shares fell on Friday after it announced it would enter the medical cannabis industry. TPG Telecom Ltd (ASX: TPM) also struggled, along with Yowie Group Ltd (ASX: YOW), and could thus receive more attention from investors during today's session.
Before getting started on your day, be sure to check out these two articles:
