S&P/ASX 200 set to jump higher: 8 shares to watch

The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is expected to trade higher on Tuesday following positive leads from international markets and an Italian referendum. Shares in focus will include SKYCITY Entertainment Group Limited-Ord (ASX:SKC), G8 Education Ltd (ASX:GEM) and Tassal Group Limited (ASX:TGR).

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade higher on Tuesday following positive leads from international markets.

Here's a recap:

  • FTSE 100 (UK): up 0.2%
  • DAX (Germany): up 1.6%
  • CAC 40 (France): up 1%
  • Dow Jones (USA): up 0.2%
  • NASDAQ (USA): up 1%

In Europe, markets closed higher as investors digested Italy's "No" vote in its constitutional referendum. The 59.1% of 'No' votes will see Prime Minister Matteo Renzi step down from his role, as he promised during his campaign.

In London, FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shrugged off the concerns to end 2.6% and 1.2% higher, respectively. In the U.S., the Dow Jones closed at a record high, with the materials and technology sectors leading the charge.

Closer to home, investors will watch the Reserve Bank of Australia which makes its official interest rate decision today. While no change is expected, investors will watch for signs of weakness in the RBA's outlook. Shares of Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group (ASX: ANZ), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB) will be closely watched.

SKYCITY Entertainment Group Limited-Ord (ASX: SKC) this morning announced the appointment of John Mortensen as Chief Operating Officer, as well as Jennifer Owen and Murray Jordan as non-executive directors.

Also in focus, shares of Bellamy's Australia Ltd (ASX: BAL) will be watched following a collapse in the infant formula producer's share price over the past five days.

Finally, in broker news:

  • Canaccord Genuity analysts cut their G8 Education Ltd (ASX: GEM) price target 1.8% to $3.85, and
  • UBS analysts initiated coverage of Tassal Group Limited (ASX: TGR) with a $4.35 price target, according to Dow Jones Newswires.
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 owns shares of Bellamy's Australia. 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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