ASX 200 to slide on US election fears: 9 shares you need to watch today

Investors hoping for a rebound today look set to be disappointed. The Sydney Futures Exchange is pointing to a 29-point decline when the market opens this morning as investors around the world focus on the upcoming presidential election in the United States.

Here’s a quick recap:

  • FTSE 100 (UK): down 1.43%
  • DAX (Germany): down 0.65%
  • CAC 40 (France): down 0.78%
  • Dow Jones (USA): down 0.24%
  • NASDAQ (USA): down 0.24%

Inghams Group Limited (ASX: ING) will list its shares on the ASX today which will command much of the market’s attention. The shares will list at $3.15 per share, but could rise or fall considerably depending on the initial level of demand.

Westpac Banking Corp (ASX: WBC) will also be on the agenda today. It announced its full-year results this morning, reporting a 5% dip in cash earnings per share and a final fully franked dividend of 94 cents per share.

Westpac’s major rivals National Australia Bank Ltd. (ASX: NAB), Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) could remain volatile in the lead up to Wednesday’s (Sydney time) election outcome as well.

Investors will take a look at gaming and entertainment business SKYCITY Entertainment Group Limited-Ord (ASX: SKC) after it announced the appointment of Graeme Stephens as its new CEO. Stephens is the current CEO of the Johannesburg Stock Exchange listed Sun International, which also operates a casino, resorts and entertainment business.

Travel agent Flight Centre Travel Group Ltd (ASX: FLT) will receive some attention following last week’s profit warning. The shares plunged 8% on Friday.

Mayne Pharma Group Ltd (ASX: MYX) also plunged more than 15% on Friday and could thus be in focus again today.

Finally, Domino’s Pizza Enterprises Ltd (ASX: DMP) will hold its Annual General Meeting in Brisbane at 3:00pm, Brisbane time (or 4:00pm Sydney time).

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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.

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