The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to defy a night of losses for key commodities with the Sydney Futures Exchange pointing to a 5-point lift at the opening bell.
Here's a quick recap:
- FTSE 100 (UK): down 0.4%
- DAX (Germany): up 0.36%
- CAC 40 (France): up 0.91%
- Dow Jones (USA): up 0.12%
- NASDAQ (USA): up 0.21%
It was a bad night for iron ore, copper, nickel and oil. Iron ore and oil prices slipped 4.4% and 3.3%, respectively.
That could mean further losses for businesses such as BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO), as well as Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO). Shares of South32 Ltd (ASX: S32) could also suffer.
Outside the resources sector, Vocus Communications Limited (ASX: VOC) and TPG Telecom Ltd (ASX: TPM) are bound to receive some more attention. The pair plummeted on Tuesday following a disappointing trading update from Vocus.
Medibank Private Ltd (ASX: MPL) is conducting an investor day today. It said its revenue growth was "slightly below company expectations" for the four months to 31 October 2016.
TFS Corporation Ltd (ASX: TFS) also announced their quarterly results today, reporting a substantial decline in revenue and earnings compared to the prior corresponding period. However, it is still guiding for a 25% increase in cash earnings (before interest, tax, depreciation and amortisation) for the full-year compared to FY16.
A number of businesses will hold their annual general meetings today, which could mean trading updates. St Barbara Ltd (ASX: SBM) is one of those businesses, together with Retail Food Group Limited (ASX: RFG), Bank of Queensland Limited (ASX: BOQ) and Karoon Gas Australia Limited (ASX: KAR). Karoon's shares plunged more than 7% on Tuesday.
