ASX preview on Friday: 10 shares you need to watch today

Credit: Lucas Walters

The BHP Billiton Limited (ASX: BHP) share price will be in focus today after it plunged 5% on Thursday. The BHP share price tumbled as a result of falling commodity prices, which ultimately dragged on the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) as a whole. However, the futures market is pointing to a small increase when the opening bell rings this morning.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.27%
  • DAX (Germany): up 0.09%
  • CAC 40 (France): up 0.42%
  • Dow Jones (USA): up 0.01%
  • NASDAQ (USA): up 0.102%

Despite its heavy fall yesterday, BHP could come under more pressure today after the iron ore price dropped another 0.5% and the oil price fell 2.4%.

Those movements could also weigh on the Rio Tinto Limited (ASX: RIO) share price, together with Fortescue Metals Group Limited (ASX: FMG), Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL).

The gold price also declined further, which could weigh on businesses such as St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM) as well.

Other businesses you should keep an eye on today include Ardent Leisure Group (ASX: AAD), Nanosonics Ltd.  (ASX: NAN) and Sirtex Medical Limited (ASX: SRX), which were among the strongest businesses on the ASX 200 yesterday.

Before getting started on your day, be sure to check out these two articles:

  1. Why the BHP Billiton Limited share price has been hammered
  2. Revealed: 10 of the best growth shares to buy now

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Nanosonics Limited. 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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