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S&P/ASX 200 rallies into the afternoon session, BBN PPE results disappoint

S&P 500 Index closed down 0.16% while the Nasdaq Composite closed down 0.14%.

Baby Bunting Ltd - S&P/ASX 200 futures green after US regains early losses
Reporting season slows down today with only a few companies reporting – BBN, PPE

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) is up 0.34% or 24 points higher at 7,127.2 at around 1.25pm this afternoon.

Smallcap stocks BBN and PPE are down 7.8% and 5.4% respectively this afternoon after investors punished them for poor operating cash flow.

 

 

Pre-market: S&P/ASX 200 futures green after US regains early losses

ASX 200 futures are suggesting a positive start to Friday after the US markets opened lower but rallied over the day.

Reporting season continues today albeit at a much slower pace with stocks to report including Baby Bunting Ltd (ASX:BBN) and People Infrastructure Ltd (ASX:PPE).

The S&P 500 Index (INDEXSP:.INX) closed down 5.51 or -0.16% to 3,373.94 and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed down 13.99 or -0.14% to 9,711.97.

Gold remains relatively strong at US$1,579 per ounce and Crude Oil WTI has moved a little higher from its recent lows to US$51.59 per barrel.

The AUD is 0.26% weaker overnight versus the USD buying 67.2 cents, making our stock market slightly more appealing to foreign investors.

 

 

Quick facts: Baby Bunting Ltd

Price: 2.24 AUD

ASX:BBN
Market: ASX
Market Cap: $285.74 m
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