The share prices of businesses such as Commonwealth Bank of Australia (ASX: CBA) and Telstra Corporation Ltd (ASX: TLS) could be worth watching today after the Reserve Bank of Australia's meeting yesterday afternoon.
The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) itself looks set to reverse yesterday's losses with the futures market pointing to a 27-point increase at the opening bell.
Here's a quick recap:
- FTSE 100 (UK): up 0.54%
- DAX (Germany): up 0.21%
- CAC 40 (France): up 0.3%
- Dow Jones (USA): up 0.19%
- NASDAQ (USA): up 0.07%
The CBL CORP FPO NZX (ASX: CBL), or CBL Insurance, share price could come into focus today following a share sell-down by its directors to increase the liquidity of the shares. In total, 4.4% of the group's shares on issue were sold.
Gold miner St Barbara Ltd (ASX: SBM) rose strongly on Tuesday and will again take the spotlight today after it released a quarterly production update. It said it produced a total of 95,346 ounces of gold during the March quarter and ended the period with a cash balance of $99 million, after it repaid (in full) its remaining $US-denominated debt.
The Whitehaven Coal Ltd (ASX: WHC) share price is another to watch. The shares soared higher on Tuesday with The Australian Financial Review reporting that coking coal prices look set to continue rising in the aftermath of Cyclone Debbie.
Also keep an eye on Vita Group Limited (ASX: VTG), which plummeted more than 21% yesterday. That came after an article published by Fairfax Media titled "Leak reveals Telstra's considering taking back high performing stores from licensees," highlighting the potential vulnerabilities surrounding Vita Group's business.
Before getting started on your day, be sure to check out these two articles:
