International share markets barely budged overnight ahead of the Federal Reserve's and Bank of Japan's decisions on interest rates. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is also set for a cautious open with the Sydney Futures Exchange pointing to a 9-point drop.
Here's a quick recap:
- FTSE 100 (UK): up 0.25%
- DAX (Germany): up 0.19%
- CAC 40 (France): down 0.13%
- Dow Jones (USA): up 0.05%
- NASDAQ (USA): up 0.12%
Telecommunications giant TPG Telecom Ltd (ASX: TPM) will be in focus again today after its shares crashed more than 20% on Tuesday. A weak earnings outlook from the telco also weighed on rivals Telstra Corporation Ltd (ASX: TLS) and Vocus Communications Limited (ASX: VOC).
ASX Limited (ASX: ASX), the regulator of the local stock exchange, will likely also remain in focus following its inability to function properly on Monday. As reported by The Australian Financial Review, ASIC has confirmed an investigation into the issues experienced on the day.
Vitamins maker Blackmores Limited (ASX BKL) is another share that will receive plenty of attention, with its shares already losing almost 8% so far this week. They were fetching $118.76 at yesterday's close.
Wellard Ltd (ASX: WLD) and Saracen Mineral Holdings Limited (ASX: SAR) also endured heavy losses on Tuesday. Webjet Limited (ASX: WEB), on the other hand, rose 4.3% and could be in for another good session today.
Commodity prices were generally higher overnight which could support the likes of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) today. Both shares rose on Tuesday following comments from Rio Tinto's CEO regarding his growing optimism surrounding China.
