The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to retreat when the opening bell rings this morning, reversing some of the strong gains achieved over the past two sessions.
Here's a quick recap:
- FTSE 100 (UK): up 0.77%
- DAX (Germany): down 0.04%
- CAC 40 (France): down 0.32%
- Dow Jones (USA): down 0.13%
- NASDAQ (USA): up 0.08%
The Australia and New Zealand Banking Group (ASX: ANZ) share price could remain in focus today after lifting another 2.9% on Thursday. The shares have gained almost 7% over the past two sessions.
ANZ's primary rivals, being Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd. (ASX: NAB) and Westpac Banking Corp (ASX: WBC), have also risen strongly over that time. The strong gains have coincided with the timing of a new capital framework that was released by the banking watchdog, APRA, which don't seem to require the banks to raise new capital or cut dividends.
Keep an eye on the Bellamy's Australia Ltd (ASX: BAL) share price and the Myer Holdings Ltd (ASX: MYR) share price, as well. Bellamy's shares resumed normal trading yesterday following a suspension; the BAL share price fell as much as 12.8% before ending the session 5% lower. Meanwhile, the Myer share price plunged nearly 10% following a profit warning.
The Santos Ltd (ASX: STO) share price, on the other hand, soared more than 8%, and could thus receive more attention from investors today.
Before getting started on your day, be sure to check out these two articles:
