The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) is expected to open flat on Tuesday.
Here's a quick recap of global markets:
- FTSE 100 (UK): up 0.4%
- DAX (Germany): up 0.2%
- CAC 40 (France): down 0.1%
In London, the blue chip index closed higher despite banks weighing on sentiment. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 0.2% lower and 1% higher, respectively.
Closer to home, the ASX 200 is expected to open mostly flat.
Shares in focus will include Orion Health Group Ltd (ASX: OHE), the New Zealand-based medical data technology business. This morning, Orion Health reported a 4% decrease in revenue and a loss of NZ$35 million for its 2017 financial year. The company said revenue was up 3% in constant currency terms and remains focused on its goal to achieve profitability in the second half of its 2018 financial year.
Dairy business SYNLAIT FPO NZX (ASX: SM1) announced the acquisition of The New Zealand Dairy Company for $NZ33.2 million.
Also in focus today will be shares of Bank of Queensland Limited (ASX: BOQ) and Bendigo and Adelaide Bank Ltd (ASX: BEN). Shares in the two regional banks have fallen 7.8% and 6.3%, respectively, over the past five trading days.
Meanwhile, investors in Fortescue Metals Group Limited (ASX: FMG) will be hoping for some reprieve today, with shares in the iron ore miner down nearly 30% in three months.
Finally, analysts at Credit Suisse reduced their AP Eagers Ltd (ASX: APE) price target 19% to $8 per share, while Morgan Stanley analysts cut their Karoon Gas Australia Limited (ASX: KAR) price target 8.4% to $1.53, according to Dow Jones Newswires.
