Morning market movers: 5 shares to watch today

The local S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to open lower today following weak leads from foreign markets on Friday.

Here’s a recap:

  • Dow Jones (USA) – down 2.1%
  • NASDAQ (USA): down 1.59%
  • FTSE 100 (UK): down 0.82%
  • DAX (Germany) – down 1.21%
  • EURO STOXX 50 (Europe) – down 1.38%

In the US, shares of energy and resources businesses weighed on markets as oil prices fell more than 1% to $US36.68 per barrel, according to the Fairfax Press.

In Europe, shares of miners clawed back some of the heavy losses of recent weeks, with FTSE-listed shares of Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP) claiming 2.46% and 0.19%, respectively; UK and European markets ended lower.

Closer to home, the Sydney Futures Exchange is tipping a 40 point, or 0.8% fall in the S&P/ASX 200.

Shares of BHP Billiton will be of particular focus after ratings agency, Moody’s, announced on Friday that it is reviewing the mining giant for a possible downgrade to its credit rating. Tumbling commodity prices and the mining disaster at its joint venture project in Brazil were catalysts for the review. Recently, Moody’s cut the credit rating of Glencore PLC, a BHP rival, to just above junk status, according to The Wall Street Journal.

In other news, Flight Centre Travel Group Ltd (ASX: FLT) announced its takeover offer for the US-based group has been accepted.

Mining services business, Emeco Holdings Limited (ASX: EHL), announced the appointment of Peter Richards as the successor to Group Chairman, Alec Brennan, commencing 1 January 2016.

Finally, Telstra Corporation Ltd (ASX: TLS) announced construction and maintenance contracts with the NBN Co. Lasting three and four years, respectively, the two contracts are estimated to generate around $80 million of revenue in their first year.

What would YOU do if the market crashed tomorrow?

With the ASX flirting with 5,000, some experts are predicting a market crash. Discover our Foolish experts' advice on what YOU should do in the event of a crisis -- simply click here for your FREE copy of our newly updated report, "What to Do When the Sharemarket Crashes". Click here, it's FREE!.

Motley Fool writer/analyst Owen Raszkiewicz has a financial interest in Flight Centre. 

Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

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 Financial Services Guide (FSG) for more information.