The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets overnight. Here’s a recap: Dow Jones (USA): down 0.15% NASDAQ (USA): down 0.21% FTSE 100 (UK): down 0.78% DAX (Germany): up 0.76% CAC 40 (France): down 0.52% In London, declines in energy and resources shares helped tip the FTSE 100 lower. Shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 5.8% and 3.94%, respectively….
To keep reading, enter your email address or login below.
The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets overnight.
Here’s a recap:
- Dow Jones (USA): down 0.15%
- NASDAQ (USA): down 0.21%
- FTSE 100 (UK): down 0.78%
- DAX (Germany): up 0.76%
- CAC 40 (France): down 0.52%
In London, declines in energy and resources shares helped tip the FTSE 100 lower. Shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 5.8% and 3.94%, respectively.
On US markets, corporate earnings rolled on as the energy and resources sectors headed 1.09% and 1.7% lower, respectively.
Closer to home, the Sydney Futures Exchange is tipping a 25-point, or 0.4%, fall in the S&P/ASX 200.
Shares in focus will include AMP Limited (ASX: AMP). This morning, the financial services heavyweight announced that Chairman Simon McKeon AO will retire from his position due to a “change in circumstances”.
iCar Asia Ltd (ASX: ICQ) delivered what it says is a “record quarter of cash collections”. The technology company reported cash collections of $2.07 million, up 46%, during the period.
BlueScope Steel Limited (ASX: BSL) announced its intention to issue $US300 million aggregate principal in bonds to institutional buyers in the United States.
Austal Limited (ASX: ASB) announced a $US9.93 million modification to a previously awarded Littoral Combat Ship (LCS) contract which will see it provide procurement and engineering efforts for ships in future financial years.
Finally, in broker news, analysts at UBS upped their price target on EVOLUTION FPO (ASX: EVN) shares 19% to $1.98 and raised their price target on shares of Western Areas Ltd (ASX: WSA) 3.2% to $1.94, according to Dow Jones Newswires.
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.