The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade flat today following mixed leads from international markets.
Here's a recap:
- FTSE 100 (UK): up 1.19%
- DAX (Germany): up 0.85%
- CAC 40 (France): up 0.98%
- Dow Jones (USA): down 0.33%
- NASDAQ (USA): down 0.92%
In London, bank shares lifted the market as concerns over the looming Brexit vote appeared to ease. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished 2.9% and 2.6% higher, respectively.
US markets finished lower despite Europe's positive lead. The technology sector weighed on the market's sentiment after a Chinese regulator barred Apple Inc from selling its iPhone 6 and iPhone 6 Plus in Beijing, according to CNBC. The Dow closed 1.07% lower for the week.
Closer to home, the Sydney Futures Exchange is tipping a flat start from the S&P/ASX 200.
Shares in focus will include Metcash Limited (ASX: MTS). This morning, the independent supermarket operator and owner of Mitre 10 announced its 2016 full-year results revealing a 1.3% increase in group sales and a net profit of $216.5 million.
Also this morning, Sydney Airport Holdings Ltd (ASX: SYD) released its monthly traffic statistics for May showing a 5.2% increase in traffic year-over-year.
Syrah Resources Ltd (ASX: SYR) announced the successful completion of its $194 million capital raising.
ERM Power Ltd (ASX: EPW) confirmed operating profit guidance between $81 million and $85 million for its 2016 financial year. Further, its final dividend is expected to remain at current levels.
Finally, in broker news:
- Credit Suisse analysts raised their Graincorp Ltd (ASX: GNC) price target 7% to $9;
- Macquarie analysts cut their SAI Global Limited (ASX: SAI) price target 9.3% to $3.63; and
- Morgan Stanley analysts raised their NIB Holdings Limited (ASX: NHF) price target 20% to $3.95, according to Dow Jones Newswires.
