The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to fall this morning after Wall Street took a beating overnight.
Here’s a quick recap:
- FTSE 100 (UK): down 0.61%
- DAX (Germany): down 0.49%
- CAC 40 (France): down 0.57%
- Dow Jones (USA): down 1.24%
- NASDAQ (USA): down 1.94%
Equity markets in the United States fell more than 1% overnight, while other markets around the world also closed lower. That could weigh on the share prices of blue chip shares such as Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) today.
Speaking of blue chips, the Telstra Corporation Ltd (ASX: TLS) share price will likely remain in focus today after plunging more than 10% on Thursday. The telco, long seen as one of Australia’s best dividend shares, announced it had changed its dividend policy with a sharp decrease in payouts to shareholders suggested for FY2018. A dividend of 22 cents per share is expected.
Elsewhere, more companies are expected to report their latest earnings results today. Among them are Primary Health Care Limited (ASX: PRY) and Kogan.com Ltd (ASX: KGN), the latter of which rose more than 4% on Thursday.
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Telstra 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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