The BHP Billiton Limited (ASX: BHP) share price will likely be in focus again today after the iron ore price dropped another 3% overnight, according to The Metal Bulletin. The BHP share price, as well as the Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) share prices, were among the hardest hit blue-chip shares during Wednesday's market rout.
The ASX futures are up 19 points which suggests a positive opening is in store for equity investors today, with Wall Street steadying overnight.
Here's a quick recap:
- FTSE 100 (UK): down 0.73%
- DAX (Germany): down 0.48%
- CAC 40 (France): down 0.15%
- Dow Jones (USA): down 0.03%
- NASDAQ (USA): up 0.48%
Commonwealth Bank of Australia (ASX: CBA) and Australia and New Zealand Banking Group (ASX: ANZ) were among the other companies caught up in yesterday's multi-billion-dollar selloff, which The Australian Financial Review described as the 'Trump slump'. Those businesses will likely be back in focus today as well.
The Blackmores Limited (ASX: BKL) and Bellamy's Australia Ltd (ASX: BAL) share prices, on the other hand, have enjoyed solid gains over the past two sessions, and could receive more attention today as a result.
The New Zealand-listed TeamTalk, which is a takeover target of Spark New Zealand Ltd (ASX: SPK), has recommended shareholders reject Spark's offer of NZ$0.80 per share. The independent adviser valuation range is NZ$1.52 to NZ$2.11.
Finally, the gold price continued to rise overnight, even surpassing US$1,250 an ounce. St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM) shares were among the gold miners which rose on Wednesday, and could lift again today as a result.
Before getting started on your day, be sure to check out these two articles:
