The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rebound this morning with the futures market pointing to a 20-point rise at the open.
Here's a quick recap:
- FTSE 100 (UK): up 0.38%
- DAX (Germany): up 0.41%
- CAC 40 (France): up 0.25%
- Dow Jones (USA): up 0.25%
- NASDAQ (USA): up 1.15%
Stocks on Wall Street were bolstered overnight when President Trump provided more detail on tax reform with plans to lower the tax rate to 20%.
Meanwhile, confidence is growing that the US Federal Reserve will hike interest rates in December which could bolster companies such as QBE Insurance Group Ltd (ASX: QBE).
The SYNLAIT FPO NZX (ASX: SM1) share price rose a little over 4%, and could be in for more good news today after the company announced it had received CFDA registration allowing exports of a2 Milk Company Ltd (Australia)'s (ASX: A2M) China label infant formula to China to continue. The a2 Milk share price could also benefit after rising 2.2% on Wednesday to $5.99.
The Gentrack Group Ltd (ASX: GTK) share price could also be in for a good day. The group announced an improved outlook for its full-year results, with underlying operating earnings (EBITDA) forecast to be NZ$24 million. That's up from previous guidance of just NZ$20 million.
Fellow New Zealand-based business TRILOGYINT FPO NZX (ASX: TIL), or Trilogy International, will hold its annual general meeting today which could also draw some attention to its share price.
