The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets on Friday.

Here’s a recap:

  • Dow Jones (USA): down 0.1%
  • NASDAQ (USA): down 0.16%
  • FTSE 100 (UK): down 0.34%
  • DAX (Germany): down 0.42%
  • CAC 40 (France): down 0.36%

In London, shares closed lower ahead of OPEC’s Sunday meeting in Doha regarding oil output levels. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished 0.1% and 1.3% lower, respectively.

On US markets, a similar theme played out. Markets ended lower ahead of Sunday’s oil meeting. The energy sector finished 1.2% lower, while the consumer goods sector was the best-performing.

OPEC Meeting

On Sunday, the chiefs of the Organisation of the Petroleum Exporting Countries or OPEC met in Doha, Qatar, and emerged without a deal to curb oil output. Many of the world’s leading oil-producing nations have grappled with plummeting prices amid market oversupply.

However, following recent lifts to sanctions on its oil trade, Iran refused to attend the meeting and it’s believed it will ramp up production until it reestablishes market share. The next OPEC meeting will not take place until June.

Australian share market

Closer to home, the Sydney Futures Exchange is tipping a 4-point, or 0.08%, fall in the S&P/ASX 200.

Obviously, shares of Australian oil producers such as Woodside Petroleum Limited (ASX: WPL), Santos Ltd (ASX: STO) and Oil Search Limited (ASX: OSH) will be in focus today.

So too will shares of Telstra Corporation Ltd (ASX: TLS). Last week, Telstra announced it would sell a 47.7% stake in Autohome Inc for $1.6 billion in total. On the weekend, however, a consortium led by current Autohome Inc CEO, James Zhi Qin, announced a $3.56 billion takeover of China’s top automotive listing site, equivalent to $31.50 per share. Since listing Autohome on the New York Stock Exchange, Telstra has slowly lessened its ownership of the business.

Finally, in broker news, Macquarie Group analysts lifted their ASX Ltd (ASX: ASX) price target from $40.30 to $40.90 while Morgans analysts raised WHITEHAVEN COAL LIMITED (ASX: WHC) shares from ‘hold’ to ‘add’ with a $0.90 price target, according to Dow Jones Newswires.

I can't believe this

The Motley Fool's expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

 The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.