The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rebound today with the futures market pointing to a 35-point rise. That follows on from a mostly positive session for international markets, despite further weakness from the tech-heavy NASDAQ.
Here’s a quick recap:
- FTSE 100 (UK): up 0.88%
- DAX (Germany): up 1.22%
- CAC 40 (France): up 1.47%
- Dow Jones (USA): up 0.61%
- NASDAQ (USA): down 0.49%
The gold sector will likely be in focus today after the gold price plunged 1.6% overnight. That could impact shares of businesses such as Newcrest Mining Limited (ASX: NCM), Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST).
The iron ore price slipped 1% as well, while the Brent oil price soared 3.4%. That could provide some support for the BHP Billiton Limited (ASX: BHP) share price.
The Virgin Australia Holdings Ltd (ASX: VAH) share price could receive some more attention today after soaring 6% on Monday. The company provided an update on its cash flow and the outlook for its Velocity Frequent Flyer program.
The Aveo Group (ASX: AOG) share price, on the other hand, slipped 5%, giving it a total decline of more than 19% over the past month. The company is the owner, operator and manager of retirement communities but continues to be impacted by the fallout of alleged poor practice, as has been reported by the media.
Before getting started on your day, be sure to check out these two articles:
- Which 5 ASX shares would Warren Buffett buy for FY18?
- Here’s when the next Commonwealth Bank of Australia dividend is due
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia does not own shares 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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