Morning market movers: 8 shares to watch

The local S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to open higher following positive leads from foreign markets overnight.

Here’s a recap:

  • Dow Jones (USA) – up 0.96%
  • NASDAQ (USA): up 0.65%
  • FTSE 100 (UK): up 0.80%
  • DAX (Germany) – down 0.09%
  • EURO STOXX 50 (Europe) – up 0.04%

In the US, consumer spending data carried markets higher. In Europe, energy shares helped stymie recent selloffs. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) climbed 0.94%, while Rio Tinto Limited (ASX: RIO) moved 1.89% higher.

Closer to home, the Sydney Futures Exchange is tipping a 24-point rally in the S&P/ASX 200.

According to Fairfax, oil prices rose 1% overnight, to $US34.15 a barrel, while iron ore closed at $US40.80 a tonne. In recent times, shares of Woodside Petroleum Limited (ASX: WPL), Santos Ltd (ASX: STO) and Oil Search Limited (ASX: OSH) have come under selling pressure as commodity prices plummeted. Investors will hope a modest rebound in oil prices overnight will take their share prices higher today.

In company-specific news, Auckland International Airport Ltd (ASX: AIA) released its monthly traffic update, showing healthy increases in passenger movers; and Lend Lease Group (ASX: LLC) announced the introduction of a new co-investor to the Barangaroo South precinct.

In broker news, Macquarie cut its price target on Origin Energy Ltd (ASX: ORG) shares to $5.55 from $6.35, according to Dow Jones Newswires.

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Motley Fool writer/analyst Owen Raszkiewicz has no position in any stocks mentioned.

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.

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