Investors hoping for a rebound today look set to be disappointed. The Sydney Futures Exchange is pointing to a 29-point decline when the market opens this morning as investors around the world focus on the upcoming presidential election in the United States.
Here's a quick recap:
- FTSE 100 (UK): down 1.43%
- DAX (Germany): down 0.65%
- CAC 40 (France): down 0.78%
- Dow Jones (USA): down 0.24%
- NASDAQ (USA): down 0.24%
Inghams Group Limited (ASX: ING) will list its shares on the ASX today which will command much of the market's attention. The shares will list at $3.15 per share, but could rise or fall considerably depending on the initial level of demand.
Westpac Banking Corp (ASX: WBC) will also be on the agenda today. It announced its full-year results this morning, reporting a 5% dip in cash earnings per share and a final fully franked dividend of 94 cents per share.
Westpac's major rivals National Australia Bank Ltd. (ASX: NAB), Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) could remain volatile in the lead up to Wednesday's (Sydney time) election outcome as well.
Investors will take a look at gaming and entertainment business SKYCITY Entertainment Group Limited-Ord (ASX: SKC) after it announced the appointment of Graeme Stephens as its new CEO. Stephens is the current CEO of the Johannesburg Stock Exchange listed Sun International, which also operates a casino, resorts and entertainment business.
Travel agent Flight Centre Travel Group Ltd (ASX: FLT) will receive some attention following last week's profit warning. The shares plunged 8% on Friday.
Mayne Pharma Group Ltd (ASX: MYX) also plunged more than 15% on Friday and could thus be in focus again today.
Finally, Domino's Pizza Enterprises Ltd (ASX: DMP) will hold its Annual General Meeting in Brisbane at 3:00pm, Brisbane time (or 4:00pm Sydney time).
