The futures market is pointing to a 12-point decline for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) this morning, although the resources sector could be in for a good run.
Here's a quick recap:
- FTSE 100 (UK): down 0.17%
- DAX (Germany): down 0.78%
- CAC 40 (France): down 0.7%
- Dow Jones (USA): down 0.46%
- NASDAQ (USA): down 1.61%
Overnight, the iron ore price surged 5.2% higher to US$59.70 a tonne, according to The Metal Bulletin, which could provide some support for the Fortescue Metals Group Limited (ASX: FMG) and BHP Billiton Limited (ASX: BHP) share prices.
Oil prices were up around 2% as well, which should further support BHP shares as well as the Woodside Petroleum Limited (ASX: WPL) share price. And gold was up 0.4%, which could aid the Newcrest Mining Limited (ASX: NCM) share price.
The Blackmores Limited (ASX: BKL) share price will likely receive some more attention today after it was announced that its long-serving CEO, Christine Holgate, is to leave the business. She will instead take up the role of CEO at Australia Post.
Other shares that experienced sharp moves on Tuesday, and could hence receive more attention today, include Metcash Limited (ASX: MTS), Capilano Honey Ltd (ASX: CZZ) and ALS Ltd (ASX: ALQ).
Before getting started on your day, be sure to check out these two articles:
