Local shares are expected to fall marginally when the opening bell rings this morning, with the Sydney Futures Exchange pointing to a 4-point decline.
Here's a quick recap:
- FTSE 100 (UK): up 0.18%
- DAX (Germany): up 0.33%
- CAC 40 (France): up 0.29%
- Dow Jones (USA): down 0.04%
- NASDAQ (USA): down 0.36%
The gold sector could find some support today following a disastrous run late last week.
Gold prices rebounded 0.6% which could help companies such as EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).
Shares in the energy sector, including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL), could also receive a boost after oil prices rose 2% during the latest session.
Other companies that will come into focus today are Mayne Pharma Group Ltd (ASX: MYX) and Crown Resorts Ltd (ASX: CWN).
Mayne Pharma's share price plummeted on Friday following reports that a lawsuit had been filed against it and five other pharmaceutical companies in the United States. Its shares did recover much of their intraday losses on Friday, but still closed 8.8% lower.
Meanwhile, Crown Resorts is in the process of selling much of its stake in the Melco Crown Entertainment business, reaping it around $1.9 billion in proceeds thus far.
