The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) could receive a post-Christmas boost this morning after oil and gold prices both rose overnight.
Here's a quick recap:
- FTSE 100 (UK): closed
- DAX (Germany): closed
- CAC 40 (France): closed
- Dow Jones (USA): down 0.03%
- NASDAQ (USA): down 0.34%
Oil prices rose more than 2% overnight which may have been, at least partially, attributed to an attack on a pipeline in Libya, according to The Australian Financial Review. Shares of businesses such as BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO) could climb as a result.
Gold prices rose nearly 1% as well to US$1,283 an ounce. That could benefit shares of companies like Newcrest Mining Limited (ASX: NCM).
And retail businesses such as JB Hi-Fi Limited (ASX: JBH), Harvey Norman Holdings Limited (ASX: HVN) and Kogan.com Ltd (ASX: KGN) could receive some attention. Retailers around the country were expected to bring in $2.3 billion in Boxing Day sales, and close to $18 billion in the three weeks after, according to the ABC.
