The Telstra Corporation Ltd (ASX: TLS) share price will likely be a primary focus of the market today after its 7.5% collapse during yesterday's session. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) itself is expected to slide today, following in the footsteps of most of its international counterparts, with the futures market pointing to a 31-point drop.
Here's a quick recap:
- FTSE 100 (UK): down 0.22%
- DAX (Germany): up 0.13%
- CAC 40 (France): down 0.01%
- Dow Jones (USA): down 0.29%
- NASDAQ (USA): down 0.52%
The Telstra share price was poleaxed following the news that fellow telecommunications business TPG Telecom Ltd (ASX: TPM) made a successful bid to enter the mobile market. Vocus Group Ltd (ASX: VOC) also fell on the news.
The iron ore miners will also be a hot topic after the iron ore price was slammed 8.5% overnight. One tonne of the commodity is now fetching US$68.04 a tonne, according to The Metal Bulletin.
That could of course impact the BHP Billiton Limited (ASX: BHP) share price, together with Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).
Gold, on the other hand, continued to rise. It was up another 0.6% overnight to US$1282 an ounce, which could help the share prices of businesses such as Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).
Before getting started on your day, be sure to check out these two articles:
