The Santa Rally is expected to continue for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) when trading begins this morning, with the Sydney Futures Exchange pointing to a 12-point lift at the open.
Here's a quick recap:
- FTSE 100 (UK): up 0.38%
- DAX (Germany): up 0.33%
- CAC 40 (France): up 0.56%
- Dow Jones (USA): up 0.46%
- NASDAQ (USA): up 0.49%
Bellamy's Australia Ltd (ASX: BAL) will be in focus today. It is expected to emerge from an extended trading halt with another business update.
REA Group Limited (ASX: REA) will receive some attention from investors after the online classifieds business announced it had sold its European businesses for an estimated profit of $164.8 million yesterday afternoon.
Shares across the gold sector could come under some pressure after the spot gold price slipped 0.5% overnight. That could hurt shares such as EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).
Iron ore also slid 2%, while oil prices were up 0.7%, indicating the results across the resources sector could be mixed.
Seven West Media Ltd (ASX: SWM) bounced back yesterday but could remain in the spotlight following an affair between its CEO and one of its staff members.
Finally, Syrah Resources Ltd (ASX: SYR) and Bega Cheese Ltd (ASX: BGA) could be stocks to watch today. The pair came under heavy selling pressure on Tuesday so could be on the radar of investors.
