The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is poised to continue climbing today, hoping to make it seven consecutive days of gains. International markets were mostly higher again overnight, while the Australian dollar is also sitting firmly above US76 cents.
Here's a quick recap:
- FTSE 100 (UK): down 0.24%
- DAX (Germany): up 1.39%
- CAC 40 (France): up 1.16%
- Dow Jones (USA): up 0.73%
- NASDAQ (USA): up 0.57%
Locally, the Sydney Futures Exchange is pointing to a narrow 6 point or 0.1% gain when the market opens.
Investors will be looking for more gains from Blackmores Limited (ASX: BKL) and Bellamy's Australia Ltd (ASX: BAL) today. The pair have risen strongly recently, but remain well below their highs from late 2015.
Catapult Group International Ltd (ASX: CAT) will also be watched closely. The small-cap technology business, whose shares have skyrocketed in 2016, announced two acquisitions and a capital raising on Wednesday and has been in a trading halt in the time since. The trading halt is expected to be lifted today.
Also, The Standard & Poor's upgraded its credit rating on Indian sandalwood producer TFS Corporation Limited (ASX: TFC) to B+ with a stable outlook, which should bode well for the company.
Meanwhile, SEEK Limited (ASX: SEK) and Suncorp Group Ltd (ASX: SUN) were named by a portfolio manager of the Fidelity Australian Equities Fund as two attractive stocks to own, which could attract some attention.
UBS also increased its price target for shares of BlueScope Steel Limited (ASX: BSL) early this morning by 29% to $8.70 a share. That followed an earnings update to the market yesterday afternoon which highlighted a lift in earnings and a reduction in net debt.
