The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rise this morning with the futures market pointing to a 16-point gain. That comes after a mixed session for international markets to end last week.
Here's a quick recap:
- FTSE 100 (UK): down 1.1%
- DAX (Germany): down 0.17%
- CAC 40 (France): down 0.22%
- Dow Jones (USA): up 0.29%
- NASDAQ (USA): up 0.3%
The Fortescue Metals Group Limited (ASX: FMG) share price could receive some more attention today. The miner's share price fell 4.5% on Friday, and nearly 6% over the past three sessions, with The Australian Financial Review reporting that the discounts applied to Fortescue's iron ore produce have widened.
Friday's fall coincided with an announcement from Fortescue that CEO Nev Power will leave the business in February 2018.
A number of gold miners also struggled last week, including Independence Group NL (ASX: IGO) and Evolution Mining Ltd (ASX: EVN), which both slipped 9.4%, and Northern Star Resources Ltd (ASX: NST), down almost 8%. Gold was changing hands for around US$1,320 an ounce, down from a high of more than US$1,334.
On the other hand, Galaxy Resources Ltd (ASX: GXY) and Mayne Pharma Group Ltd (ASX: MYX) both soared more than 10% last week, which could draw some attention from investors today. Domino's Pizza Enterprises Ltd. (ASX: DMP) shares were up 4.7% on Friday as well.
