The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to continue declining today after falling 0.8% on Tuesday. The futures market is pointing to a 29-point fall when the market opens.
Here's a quick recap:
- FTSE 100 (UK): down 0.68%
- DAX (Germany): down 0.58%
- CAC 40 (France): down 0.32%
- Dow Jones (USA): down 0.29%
- NASDAQ (USA): down 0.82%
The QBE Insurance Group Ltd (ASX: QBE) share price is likely to receive some attention today. The insurer said that its three large operating divisions are on track to report results in line with budget, although the Emerging Markets has experienced significantly higher than expected claims duing the first five months of the year.
The APA Group (ASX: APA) share price could receive some attention today after the company announced it will build a new gas pipeline and power station. The projects should have a total cost of construction of around $180 million.
Yowie Group Ltd (ASX: YOW) said that it is projecting 55% net sales revenue growth for the full year, with fourth quarter sales projected to be 37% higher than the prior corresponding period. It also expects net sales to grow 55% to 70% in fiscal 2018 versus fiscal 2017.
Temple & Webster Group Ltd (ASX: TPW) released new full-year guidance today, with revenue forecast to be around $64 million for the year, with an operation loss (EBITDA) of between $6.8 million to $7.3 million. The company is also anticipating a strong fourth-quarter result.
Investors will likely also pay attention to the Oliver's Real Food Ltd (ASX: OLI) share price, which is set to debut on the ASX this morning.
Elsewhere, the iron ore price rose 0.3% and Brent oil slipped around 2%, which could weigh on shares such as BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO).
The gold price remained mostly flat while the Australian dollar fell to around US75.8 cents.
Before getting started on your day, be sure to check out these two articles:
