The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to retreat when the opening bell rings this morning following a mostly negative night for international markets.
Here’s a quick recap:
- FTSE 100 (UK): down 0.12%
- DAX (Germany): down 0.76%
- CAC 40 (France): down 0.06%
- Dow Jones (USA): up 0.39%
- NASDAQ (USA): down 0.63%
The Webjet Limited (ASX: WEB) share price could receive some attention today after it advised the market of a disagreement with its auditor on a technical accounting matter. Although the auditor signed off on Webjet’s first-half accounts, it no longer agrees with the accounting treatment adopted by Webjet in relation to the Thomas Cook agreement, which Webjet entered into in August 2016.
Liquefied Natural Gas Ltd (ASX: LNG) released its quarterly highlights this morning, while OceanaGold Corporation (ASX: OGC) did so yesterday evening. OceanaGold produced 124,396 ounces of gold and 4,322 tonnes of copper during the second quarter, which was lower than the amount produced during the prior three months.
Other gold miners could also receive some attention. Although the gold price retreated 0.1% overnight, the Australian dollar also fell against the US greenback which could offer some support for shares of businesses such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST).
The iron ore price slipped 0.3% as well while oil prices rose a little over 1%. The Australian dollar is fetching US79.67 cents.
These 3 stocks could be the next big movers in 2020
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 6/8/2020
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.
- Coronavirus (COVID-19): 6 charts every Australian needs to see – April 6, 2020 1:46pm
- Innovation through crisis – April 2, 2020 11:48am
- Coronavirus (Covid-19): Why Is Italy’s Fatality Rate So Bad? – March 26, 2020 3:39pm