Investors hoping for a rebound could get their wish today. Although international equity markets were mostly lower overnight, likely due to Donald Trump's trade decisions, the futures market was pointing to an 18-point rise at the open following yesterday's 0.8% decline.
Here's a quick recap:
- FTSE 100 (UK): down 0.66%
- DAX (Germany): down 0.73%
- CAC 40 (France): down 0.6%
- Dow Jones (USA): down 0.14%
- NASDAQ (USA): down 0.04%
Brambles Limited (ASX: BXB) could receive more attention today after its shares were mauled almost 16% on Monday. The company released a negative trading update citing issues in its North America business.
Rare earths miner Lynas Corporation Limited (ASX: LYC) released its quarterly earnings report this morning, reporting $65 million in invoiced sales – up from $53.8 million in the previous quarter, with $5 million in operating cash flow.
BlueScope Steel Limited (ASX: BSL) said its preliminary unaudited underlying earnings before interest and tax (EBIT) for the six months ended December is expected to be around $600 million. That compares to prior guidance of at least $510 million, so investors are likely to be pleased with the result.
Liquefied Natural Gas Ltd (ASX: LNG) will be back in the market's focus today after its subsidiary, Magnolia LNG, reached a new agreement to sell gas. Its shares soared more than 10% on Monday, making it the best performer from the ASX 200 cohort for the day.
Other businesses that could receive some attention today are Village Roadshow Ltd (ASX: VRL) and South32 Ltd (ASX: S32) after both shares fell sharply on Monday. Village plunged on an update regarding its theme parks while South32's shares dropped 3.8%.
