The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set for a hard landing this morning following a tough session for international equity markets overnight.
Here's a quick recap:
- FTSE 100 (UK): down 0.51%
- DAX (Germany): down 1.83%
- CAC 40 (France): down 1.88%
- Dow Jones (USA): down 0.78%
- NASDAQ (USA): down 1.44%
The futures market is pointing to a 67-point decline when the opening bell rings this morning, which suggests a tough day for some of the market's biggest companies. That could include businesses such as Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Corp (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB).
The BHP Billiton Limited (ASX: BHP) share price could find some support, however, after the iron ore price surged another 3.8% overnight, according to The Metal Bulletin. The Fortescue Metals Group Limited (ASX: FMG) share price could also benefit.
Meanwhile, South32 Ltd (ASX: S32) announced that it withdrew its Appin workforce from their mine as a precautionary measure on 28 June, which could spook some investors.
The Spark New Zealand Ltd (ASX: SPK) share price could receive some attention today after the group provided an update on its strategy (as part of its Investor Day presentation).
Elsewhere, it's worth keeping an eye on the Sirtex Medical Limited (ASX: SRX) share price today after it surged higher in each of the past two sessions. Same goes for Qantas Airways Limited (ASX: QAN) which flew 4.6% higher on Thursday.
Before getting started on your day, be sure to check out these two articles:
