The futures market is pointing to another small rise today, which comes off the back of the S&P/ASX 200's (Index: ^AXJO) (ASX: XJO) 99-point rally on Tuesday.
Here's a quick recap:
- FTSE 100 (UK): down 0.27%
- DAX (Germany): down 0.31%
- CAC 40 (France): down 0.4%
- Dow Jones (USA): closed
- NASDAQ (USA): closed
The Bega Cheese Ltd (ASX: BGA) share price could receive some attention today. The company announced that it had completed its acquisition of Mondelez International's Australia and New Zealand grocery business, including Vegemite, just prior to the market's close on Tuesday.
The resources sector could feel the heat today. The iron ore price was down 1.7% overnight, according to The Metal Bulletin, which could act as a drag on companies such as the BHP Billiton Limited (ASX: BHP) share price and Fortescue Metals Group Limited (ASX: FMG) share price.
Oil was down 0.1% as well, while gold managed to rebound 0.3%. That could provide some support for the producers of the precious metal.
It could also be worth keeping an eye on some of the country's biggest dividend stocks, after the Reserve Bank of Australia elected to keep interest rates on hold yesterday. That includes the Commonwealth Bank of Australia (ASX: CBA) share price, Telstra Corporation Ltd (ASX: TLS) share price and the Westpac Banking Corp (ASX: WBC) share price.
Before getting started on your day, be sure to check out these two articles:
