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Morning market movers: 8 shares to watch

The local S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to trade mostly flat following negative leads from overnight markets.

Here’s a recap:

  • Dow Jones (USA) – down 0.66%
  • NASDAQ (USA): down 0.82%
  • FTSE 100 (UK): down 0.64%
  • DAX (Germany): down -1.08%
  • EURO STOXX 50 (Europe): down 0.79%

In the US, a 3.6% fall in oil prices took shares lower. It now appears likely that the last day of trading in 2015 will decide whether the USA’s S&P 500 finishes the year in positive territory.

Meanwhile, in Europe, it was a similar theme. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 1.1% and 0.96%, respectively, as commodity prices weighed on investor sentiment.

Closer to home, the Sydney Futures Exchange is tipping a 2-point rise in the S&P/ASX 200 following strong gains on the market yesterday.

In focus will be shares of Bellamy’s Australia Ltd (ASX: BAL), A2 MILK FPO NZ (ASX: A2M), Bega Cheese Ltd (ASX: BGA), Blackmores Limited (ASX: BKL) and Freedom Foods Group Ltd (ASX: FNP). The share prices of the four dairy and wellness companies have been extremely volatile over the past week.

Shares of Eureka Group Holdings Ltd (ASX: EGH) will also be in focus after the property asset manager announced it entered a contract to acquire Salisbury retirement village in Adelaide.

In broker news, Macquarie Wealth has an ‘outperform’ rating on shares of shipbuilder, Austal Limited (ASX: ASB); and Deutsche Bank has a ‘buy’ rating on shares of Flight Centre Travel Group Ltd (ASX: FLT), according to the Fairfax Press.

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Motley Fool writer/analyst Owen Raszkiewicz has a financial interest in Bellamy's Australia and Flight Centre Travel Group. 

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 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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