The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to reverse some of yesterday's strong gains, despite another surge in the oil price and a stunning rebound for iron ore.
Here's a quick recap:
- FTSE 100 (UK): down 0.45%
- DAX (Germany): down 1%
- CAC 40 (France): down 0.39%
- Dow Jones (USA): up 0.36%
- NASDAQ (USA): down 1.36%
Iron ore soared 8.7% overnight, taking the resource back to US$78.36 a tonne, according to The Metal Bulletin. That could bolster shares such as Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).
BHP Billiton Limited (ASX: BHP) should also benefit from another 4.7% surge in the price of oil to US$54.27 a barrel. Santos Ltd (ASX: STO), Sundance Energy Australia Ltd (ASX: SEA) and Woodside Petroleum Limited (ASX: WPL) recorded strong gains on Thursday and will likely be in focus again today.
Aconex Ltd (ASX: ACX) had a day to forget yesterday, slipping 5.9%, and could receive some attention as well.
Shares in telco giant Vocus Communications Limited (ASX: VOC) have also been hammered this week. They managed to stem their losses yesterday, however.
Finally, Premier Investments Limited (ASX: PMV) will hold its annual general meeting in Richmond, Victoria today. Its shares have fallen heavily over the past four months or so, and will likely be in focus today.
