The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to give back some of its gains today, with the futures market pointing to a 32-point decline at the opening bell.
Here’s a quick recap:
- FTSE 100 (UK): down 0.35%
- DAX (Germany): up 0.32%
- CAC 40 (France): down 0.35%
- Dow Jones (USA): up 0.22%
- NASDAQ (USA): down 0.41%
The local share market has rocketed higher over the past two sessions. But a heavy decline in the oil price, as well as a pullback on the tech-heavy NASDAQ index, point to a lower opening today.
The gold price slipped the better part of 1%, as well, likely caused by the US Federal Reserve’s decision to hike interest rates. That could weigh on the share prices of businesses such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM).
The iron ore price, on the other hand, improved by 2%, according to The Metal Bulletin. And the Australian dollar rallied higher to US75.86 cents.
The Nine Entertainment Co Holdings Ltd (ASX: NEC) share price and the Seven West Media Ltd (ASX: SWM) share price will also likely receive more attention today. The pair rallied on Wednesday following news that their rival, Ten Network Holdings Limited (ASX: TEN), had entered voluntary administration.
The Village Roadshow Ltd (ASX: VRL) share price also rallied higher after it announced it had sold its stake in Golden Village Singapore, generating proceeds of around $175 million.
Finally, the Bellamy’s Australia Ltd (ASX: BAL) share price will receive some attention. Bellamy’s shares have been in a trading halt over the past two sessions following a business update and an acquisition announcement.
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- Why You Should Totally Ignore Jim Rogers “Worst Crash In Our Lifetime” Call
- The Melbourne IT Limited share price has stormed to a 52-week high
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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.