The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rebound today. After falling 41 points on Thursday, the futures market is pointing to a 22-point gain at the open.
Here's a quick recap:
- FTSE 100 (UK): down 0.9%
- DAX (Germany): down 0.29%
- CAC 40 (France): down 0.47%
- Dow Jones (USA): up 1.39%
- NASDAQ (USA): up 0.73%
The Telstra Corporation Ltd (ASX: TLS) share price could be in focus today after it revised its full-year earnings guidance lower for the nbn.
The telco confirmed that it still expects to pay a total of 22 cents per share in dividends for the year, but reduced its total income guidance by $0.7 billion to between $27.6 billion and $29.5 billion. This should result in a $0.2 billion reduction in free cash flow for the year.
FONTERRA UNIT NZX (ASX: FSF), or the Fonterra Shareholders' Fund, will be placed in a trading halt today pending the decision from an arbitration tribunal relating to legal proceedings from 2014. Fonterra said:
"The decision is expected to be both lengthy as well as complex. Fonterra expects that it will not be in a position to immediately assess the financial implications of the decision and advise this to the market. Fonterra will make a market announcement of the implications once it has completed that assessment."
The Appen Ltd (ASX: APX) share price could also receive more attention today after soaring 22.5% on Thursday following the announcement of a major acquisition by the group.
Other companies that could also receive some attention include Myer Holdings Ltd (ASX: MYR), which gained 6.1% on Thursday, as well as Aristocrat Leisure Limited (ASX: ALL), which slipped 6.8%.
