The S&P/ASX 200’s (Index: ^AXJO) (ASX: XJO) strong rally could be broken today. After it soared above 5,800 on Monday, the futures market suggests it could slip below that mark again today with a 21-point dip at the opening bell.
Here’s a quick recap:
- FTSE 100 (UK): up 0.38%
- DAX (Germany): down 0.3%
- CAC 40 (France): down 0.45%
- Dow Jones (USA): down 0.38%
- NASDAQ (USA): up 0.19%
Spot gold prices and iron ore both recovered overnight, suggesting companies such as BHP Billiton Limited (ASX: BHP), EVOLUTION FPO (ASX: EVN) and Silver Lake Resources Limited. (ASX: SLR) could find some support today.
Sirtex announced late during yesterday’s session that its first-half dose sales grew 5.6%, which saw its shares rise 1.7% for the day. Shares of Slater & Gordon and Cochlear both rocketed higher despite the absence of any company-specific news.
Brainchip Holdings Ltd (ASX: BRN) will receive some attention after it said a report in The Australian Financial Review regarding a potential ‘take-private’ transaction was “speculative and inaccurate”.
Finally, Praemium Ltd (ASX: PPS) reported a 29% lift in funds under administration (FUA) in 2016 to $5.4 billion at 31 December 2016.
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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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