Yesterday's selloff is expected to extend into today's session. The Sydney Futures Exchange suggests the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) will fall around 0.1% at the opening bell, despite another overnight rally for iron ore.
Here's a quick recap:
- FTSE 100 (UK): down 0.6%
- DAX (Germany): down 1.09%
- CAC 40 (France): down 0.88%
- Dow Jones (USA): down 0.28%
- NASDAQ (USA): down 0.56%
Iron ore topped US$80 a tonne overnight which could help prop up shares of businesses such as BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) after yesterday's declines.
Oil prices also rebounded, providing BHP and other energy producers such as Santos Ltd (ASX: STO) and Oil Search Limited (ASX: OSH) with some support as well.
Aged care operator Estia Health Ltd (ASX: EHE) will come under the microscope after a series of articles from The Australian Financial Review outlined a potential liquidity problem at the business.
Insurance group Tower Limited (Australia) (ASX: TWR) reported a full-year loss of $21.5 million for the year ended 30 September 2016. Its underlying profit after tax, however, was $20.1 million which it said reflected an improved second-half performance.
Suncorp Group Ltd (ASX: SUN) and NIB Holdings Limited (ASX: NHF) announced an expansion of their partnership to launch a suite of new private health insurance products, which will likely receive some attention. Medibank Private Ltd (ASX: MPL) could also be impacted as a result.
Vocus Communications Limited (ASX: VOC) headlines today's annual general meetings, with shareholders set to gather in Sydney. The telco said it expects full-year revenue to be around $1.9 billion and underlying EBITDA (earnings before interest, tax, depreciation and amortisation) to be between $430 million and $450 million.
Meanwhile, Mayne Pharma Group Ltd (ASX: MYX) will hold its AGM in Melbourne and Northern Star Resources Ltd (ASX: NST) in Perth.
