The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) bounced higher on Thursday and looks set to rise again today, with the futures market sitting 7 points higher.
Here's a quick recap:
- FTSE 100 (UK): down 0.11%
- DAX (Germany): up 0.15%
- CAC 40 (France): up 0.15%
- Dow Jones (USA): down 0.06%
- NASDAQ (USA): up 0.04%
Iron ore producer Rio Tinto Limited (ASX: RIO) announced that it has completed a $2.5 billion debt reduction program, which could put its shares in the spotlight today. The iron ore price fell 0.5% overnight as well, which could also impact the Rio Tinto share price.
The BHP Billiton Limited (ASX: BHP) share price could also be impacted following a rebound in oil prices overnight to more than US$45 a barrel.
The gold price bounced 0.2% as well, while the Australian dollar fell to US75.41 cents.
The country's retail sector may receive some attention after Ben Griffiths of Eley Griffiths said that Amazon-retail stocks sell-off was overdone, according to The Australian Financial Review. Indeed, shares of companies such as JB Hi-Fi Limited (ASX: JBH), Harvey Norman Holdings Limited (ASX: HVN) and Myer Holdings Ltd (ASX: MYR) have all been hit hard recently.
The Ardent Leisure Group (ASX: AAD) share price could move as well after the company provided earnings (EBITDA) guidance of between $73 million and $75 million for the 12 months ending 30 June.
Other companies that could be in the spotlight today include Super Retail Group Ltd (ASX: SUL), Domino's Pizza Enterprises Ltd. (ASX: DMP) and Metcash Limited (ASX: MTS). Metcash was among the market's top-performing shares on Thursday, whereas Super Retail and Domino's Pizza were among its worst.
Before getting started on your day, be sure to check out these two articles:
