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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