The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rebound this morning. The market fell nearly 28 points on Tuesday but the futures market is pointing to a 13-point increase at the opening bell today.
Here's a quick recap:
- FTSE 100 (UK): up 0.39%
- DAX (Germany): up 0.58%
- CAC 40 (France): up 0.32%
- Dow Jones (USA): up 0.37%
- NASDAQ (USA): up 0.23%
There are a few shares that will likely remain in focus today after sharp moves on Tuesday. Among them are QBE Insurance Group Ltd (ASX: QBE), which fell 3.5%, and South32 Ltd (ASX: S32), which dropped 2.3%.
Technology One Limited (ASX: TNE) will be no different. The shares plunged more than 10%, but did fall as much as 13.7%, following a profit downgrade from the group. The business now expects full-year profit growth between 7% and 9%, compared to previous guidance of 10% to 15%.
APN Outdoor Group Ltd (ASX: APO) shares fell 6.6%, as well, when the group said its contract with Yarra Trams (Melbourne) will not be renewed. The annualised operating earnings (EBITDA) contribution from the contract is around $7 million.
On a more positive note, businesses such as Healthscope Ltd (ASX: HSO) and Retail Food Group Limited (ASX: RFG) saw their share prices soar higher. Galaxy Resources Limited (ASX: GXY) also continued its impressive run, rallying another 5.8%.
Finally, XERO FPO NZX (ASX: XRO) announced this morning that it has surpassed 250,000 subscribers in the United Kingdom whilst also deepening its existing partnerships with HSBC and Banco Santander in that country.
