The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade higher following strong leads from international markets overnight. Here’s a recap: Dow Jones (USA): up 0.47% NASDAQ (USA): up 0.47% FTSE 100 (UK): up 1.59% DAX (Germany): up 1.6% CAC 40 (France): up 1.8% In Europe, markets closed firmly higher following the US Federal Reserve’s decision to keep interest rates on hold and cautioned over raising interest rates too quickly. London’s FTSE-100 closed at its highest…
To keep reading, enter your email address or login below.
The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade higher following strong leads from international markets overnight.
Here’s a recap:
- Dow Jones (USA): up 0.47%
- NASDAQ (USA): up 0.47%
- FTSE 100 (UK): up 1.59%
- DAX (Germany): up 1.6%
- CAC 40 (France): up 1.8%
In Europe, markets closed firmly higher following the US Federal Reserve’s decision to keep interest rates on hold and cautioned over raising interest rates too quickly.
London’s FTSE-100 closed at its highest point since the beginning of 2016, with resources shares flying higher. FTSE-listed shares of BHP Billiton Limited (ASX: RIO) and Rio Tinto Limited (ASX: RIO) closed 5.8% and 5.5% higher, respectively.
In the US, the Dow Jones and NASDAQ both saw gains following the Fed’s comments. The energy and technology sectors were the best-performing.
Closer to home, the Sydney Futures Exchange is tipping a 42-point, or 0.8%, rise in the S&P/ASX 200.
Shares in focus will include Virgin Australia Holdings Ltd (ASX: VAH). Yesterday, shares in the airline operator swooned after Air New Zealand Limited (ASX: AIZ) revealed it may sell its near 26% stake in the company to review alternate uses of its capital.
Origin Energy Ltd (ASX: ORG) announced it entered a landmark 15-year power purchase agreement for 100% of the renewable energy from the Moree Solar Farm, recently commissioned by Fotowatio Renewable Ventures. Here’s hoping for more of the same.
Western Areas Ltd (ASX: WSA) and DUET Group (ASX: DUE) shares have been placed in a trading halt as they seek to undertake capital raisings.
Macmahon Holdings Limited (ASX: MAH) announced that employees from a project in Nigeria have gone on strike over a dispute regarding project redundancy payments. Macmahon said it has commenced legal action as part of efforts to resolve the dispute.
Qantas Airways Limited (ASX: QAN) released its February travel statistics, showing a 6.2% and 7.5% increase in domestic passengers for Qantas and Jetstar, respectively. Passengers in Jetstar international climbed 27.4% year-over-year while Qantas international reported an 11.3% increase in passengers carried.
Finally, in broker news, analysts at Macquarie Group Ltd (ASX: MQG) raised their price target on Ardent Leisure Group (ASX: AAD) 23% to $2.27, while Deutsche Bank analysts increased their price target on Primary Health Care Limited (ASX: PRY) shares 36% to $3.75.
I can't believe this
The Motley Fool's expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.
Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.
The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.