It was another turbulent night on Wall Street with the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) set to follow its international counterparts down further today.
Here's a quick recap:
- FTSE 100 (UK): down 1.46%
- DAX (Germany): down 0.76%
- CAC 40 (France): down 1.48%
- Dow Jones (USA): down 4.6%
- NASDAQ (USA): down 3.78%
Local shares were hit hard on Monday. With the futures market pointing to another 139-point decline at the opening bell today, it's likely to be another ugly day.
Among the companies in focus will be Resolute Mining Limited (ASX: RSG) and Orocobre Limited (ASX: ORE), which were among the market's hardest-hit companies on Monday. The pair fell 9.5% and 7.3%, respectively.
The major banks will also be in focus; given their heavy weighting on the Australian market, how much they fall will play a key role in determining how far the indices themselves fall. Australia and New Zealand Banking Group (ASX: ANZ) was the worst-performer of the cohort on Monday, sliding 1.6%, with the four major banks all closing between 1.2% and 1.6% lower.
On the other hand, companies such as ARB Corporation Limited (ASX: ARB) and Brickworks Limited (ASX: BKW) managed to escape the market's rout, actually finishing the session in positive territory.
The CBL CORP FPO NZX (ASX: CBL) share price will not move today after they were suspended from official quotation at the request of the company. The suspension is pending the release of announcement regarding a proposed capital raising.
