The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise as much as 0.6% at the opening bell this morning after oil prices surged higher overnight. Iron ore, on the other hand, fell 3.4% to US$70.34 a tonne, according to The Metal Bulletin.
Here's a quick recap:
- FTSE 100 (UK): up 0.03%
- DAX (Germany): up 0.19%
- CAC 40 (France): up 0.56%
- Dow Jones (USA): up 0.47%
- NASDAQ (USA): up 0.89%
Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) could be dragged lower today as a result of the falling iron ore price.
That could also impact BHP Billiton Limited (ASX: BHP), although the miner could also be supported by the strong rise in the price of oil, which rose 4.4% overnight. Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could also benefit.
New Zealand-based Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) reported a 26% increase in its first-half net profit result this morning, off the back of a 12% rise in operating revenue. Fisher & Paykel's result could impact the shares of competitors ResMed Inc. (CHESS) (ASX: RMD) and Somnomed Limited (ASX: SOM) today as well.
Karoon Gas Australia Limited (ASX: KAR) and BT Investment Management Ltd (ASX: BTT) both endured sharp falls yesterday, and could be on the market's radar again.
So too could Baby Bunting Group Ltd (ASX: BBN), which soared yesterday off the back of impressive comparable sales growth figures.
Mesoblast limited (ASX: MSB) will hold its annual general meeting in Melbourne today, which should receive some attention from investors. FlexiGroup Limited (ASX: FXL) will also hold its AGM along with Monadelphous Group Limited (ASX: MND).
