Local shares are expected to fall marginally when the opening bell rings this morning, with the Sydney Futures Exchange pointing to a 4-point decline.
Here’s a quick recap:
- FTSE 100 (UK): up 0.18%
- DAX (Germany): up 0.33%
- CAC 40 (France): up 0.29%
- Dow Jones (USA): down 0.04%
- NASDAQ (USA): down 0.36%
The gold sector could find some support today following a disastrous run late last week.
Mayne Pharma’s share price plummeted on Friday following reports that a lawsuit had been filed against it and five other pharmaceutical companies in the United States. Its shares did recover much of their intraday losses on Friday, but still closed 8.8% lower.
Meanwhile, Crown Resorts is in the process of selling much of its stake in the Melco Crown Entertainment business, reaping it around $1.9 billion in proceeds thus far.
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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.
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