On Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) fell a disappointing 0.9% to 6,128.4 points.
Will the market be able to bounce back on Wednesday? Here are five things to watch:
ASX futures pointing higher.
According to the latest SPI futures, the ASX 200 is expected to rebound this morning. The latest futures contracts are pointing to the benchmark index opening the day higher by 0.3% or 20 points. This follows a mixed night on Wall Street which late in the session sees the Dow Jones, the S&P 500, and the Nasdaq all trading slightly lower. Elsewhere, according to Bloomberg, the WTI crude oil price is flat at US$55.46 a barrel and the Brent crude oil price is up 0.6% to US$65.15 a barrel.
Rio Tinto results.
Mining giant Rio Tinto Limited (ASX: RIO) is scheduled to release its full year results on Wednesday after the market close. There has been speculation that Rio Tinto could announce further capital management initiatives, including a special dividend.
Bellamy's results.
All eyes will be on the Bellamy's Australia Ltd (ASX: BAL) share price this morning when the organic infant formula and baby food company releases its half year results. According to Goldman Sachs, it expects Bellamy's to post a 29% decline in sales to $124.8 million and a 27% decline in EBITDA to $25.5 million. The market will also be looking for commentary around its SAMR registration that will allow it to sell its products in China.
SEEK results.
The SEEK Limited (ASX: SEK) share price will be on watch when it releases its half year results. There are concerns that job listing volumes could be on the decline, potentially putting SEEK at risk of downgrading its full year guidance. Goldman Sachs is expecting half year EBITDA of $225 million and earnings per share of 29.9 cents, which will be a 7% and 2% increase, respectively, on the prior corresponding period.
Telstra shares trade ex-dividend.
The Telstra Corporation Ltd (ASX: TLS) share price is likely to trade 2.5% lower on Wednesday after going ex-dividend for its interim dividend. Eligible shareholders can look forward to being paid its fully franked 8 cents per share interim dividend on March 29. AMP Limited (ASX: AMP), IRESS Ltd (ASX: IRE), and Orora Ltd (ASX: ORA) shares are also trading ex-dividend this morning.
