The futures market is pointing to a 12-point decline for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) this morning, although the resources sector could be in for a good run.
Here’s a quick recap:
- FTSE 100 (UK): down 0.17%
- DAX (Germany): down 0.78%
- CAC 40 (France): down 0.7%
- Dow Jones (USA): down 0.46%
- NASDAQ (USA): down 1.61%
Overnight, the iron ore price surged 5.2% higher to US$59.70 a tonne, according to The Metal Bulletin, which could provide some support for the Fortescue Metals Group Limited (ASX: FMG) and BHP Billiton Limited (ASX: BHP) share prices.
Oil prices were up around 2% as well, which should further support BHP shares as well as the Woodside Petroleum Limited (ASX: WPL) share price. And gold was up 0.4%, which could aid the Newcrest Mining Limited (ASX: NCM) share price.
The Blackmores Limited (ASX: BKL) share price will likely receive some more attention today after it was announced that its long-serving CEO, Christine Holgate, is to leave the business. She will instead take up the role of CEO at Australia Post.
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Capilano Honey Limited and Challenger Limited. 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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