The BHP Billiton Limited (ASX: BHP) share price will be in focus today after it plunged 5% on Thursday. The BHP share price tumbled as a result of falling commodity prices, which ultimately dragged on the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) as a whole. However, the futures market is pointing to a small increase when the opening bell rings this morning.
Here's a quick recap:
- FTSE 100 (UK): down 0.27%
- DAX (Germany): up 0.09%
- CAC 40 (France): up 0.42%
- Dow Jones (USA): up 0.01%
- NASDAQ (USA): up 0.102%
Despite its heavy fall yesterday, BHP could come under more pressure today after the iron ore price dropped another 0.5% and the oil price fell 2.4%.
Those movements could also weigh on the Rio Tinto Limited (ASX: RIO) share price, together with Fortescue Metals Group Limited (ASX: FMG), Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL).
The gold price also declined further, which could weigh on businesses such as St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM) as well.
Other businesses you should keep an eye on today include Ardent Leisure Group (ASX: AAD), Nanosonics Ltd. (ASX: NAN) and Sirtex Medical Limited (ASX: SRX), which were among the strongest businesses on the ASX 200 yesterday.
Before getting started on your day, be sure to check out these two articles:
