The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets.
Here's a recap:
- FTSE 100 (UK): down 2%
- DAX (Germany): down 1.4%
- CAC 40 (France): down 2.3%
- Dow Jones (USA): down 0.3%
- NASDAQ (USA): down 0.1%
In London, the blue-chip index slumped to a three-month low as Brexit concerns mounted. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 4.1% and 2.9%, respectively.
With investors eagerly awaiting the Federal Reserve's policy decision on Wednesday, US markets lost ground Tuesday following the selloff in Europe. The materials and financial sectors were the worst performing.
Closer to home, the Sydney Futures Exchange is tipping a 9-point, or 0.1%, fall in the S&P/ASX 200.
Shares in focus will include a2 Milk Company Ltd (Australia) (ASX: A2M). This morning, the dairy company revised its full-year revenue and operating profit guidance upward. Despite regulatory changes in China, the company expects full-year revenue between $350 million and $360 million with operating profit between $52 million and $54 million.
NIB Holdings Limited (ASX: NHF) released its investor day presentation this morning. The company confirmed its 2016 financial year underlying operating profit guidance between $125 million and $135 million.
Suncorp Group Ltd (ASX: SUN) announced the resignation of John Nesbitt, Suncorp Banking & Wealth CEO. He will leave the company during the second half of 2016.
Finally, in broker news:
- Ord Minnett analysts initiated Myob Group Ltd (ASX: MYO) with a share price target of $4.30;
- Canaccord Genuity analysts raised their Regis Resources Limited (ASX: RRL) price target 2% to $2.55; and
- RBC Capital Markets raised their Oz Minerals Limited (ASX: OZL) price target 12% to $6.50, according to Dow Jones Newswires.
