The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is set to bounce back from a four-session decline today with the Sydney Futures Exchange pointing to an 18-point lift at the open.
Here's a quick recap:
- FTSE 100 (UK): up 0.17%
- DAX (Germany): up 0.19%
- CAC 40 (France): up 0.59%
- Dow Jones (USA): up 0.01%
- NASDAQ (USA): down 1.05%
Vocus Communications Limited (ASX: VOC) will likely receive more attention today. Its shares have plunged more than 27% over the last two sessions.
Vocus' rival TPG Telecom Ltd (ASX: TPM) could also be in focus. Its shares rebounded yesterday after a sharp fall on Tuesday when Goldman Sachs said it still rated TPG a buy, calling Vocus' woes "company specific", according to The Australian Financial Review.
Energy companies are expected to lift today. Brent oil soared more than 8% overnight to US$50 a barrel when OPEC, an oil cartel, agreed to curb production.
That could help to lift BHP Billiton Limited (ASX: BHP) and fellow energy producers Santos Ltd (ASX: STO), Woodside Petroleum Limited (ASX: WPL) and Oil Search Limited (ASX: OSH).
On the other hand, BHP could also be weighed down by a sharp 6.8% fall in the iron ore price. Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) could also be affected.
Other shares to watch today include JB Hi-Fi Limited (ASX: JBH) and Amaysim Australia Ltd (ASX: AYS). JB Hi-Fi shares were among the market's best performers yesterday, whereas Amaysim's were amongst the worst.
