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.
Before getting started on your day, be sure to check out these two articles:
- 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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