S&P/ASX 200 tipped to fall: 15 shares to watch

The S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to trade lower following mixed leads from international markets overnight.

Here’s a recap:

  • Dow Jones (USA): down 1.38%
  • NASDAQ (USA): down 2.18%
  • FTSE 100 (UK): up 1.33%
  • DAX (Germany): up 0.59%
  • EURO STOXX 50 (Europe): up 0.40%

In the US, Wall Street ended more than 200 points lower. Despite a robust 3.5% rise in oil and lift in iron ore prices, quarterly reports disappointed investors and led major shares lower. Apple Inc shares closed a massive 6.55% lower, while Boeing Co closed almost 9% in the red.

In Europe, energy shares, reacting to a stabilisation of commodity prices, buoyed markets. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 0.66% higher and 0.82% lower, respectively.

Closer to home, the Sydney Futures Exchange is tipping a 30 point, or 0.6%, fall in the S&P/ASX 200. Energy shares could, however, provide a reason to expect markets to remain buoyant.

Indeed, shares in focus today include the major commodities producers such as Rio Tinto, BHP Billiton, Fortescue Metals Group Limited (ASX: FMG), Oil Search Limited (ASX: OSH), Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO). Fortescue issued its quarterly production report to the ASX this morning.

Shares of AIR A.Z FPO NZ (ASX: AIZ) (Air New Zealand) will also be in focus. This morning, the leading airline reported strong monthly passenger statistics across the entire group.

Law firm Slater & Gordon Limited (ASX: SGH) updated the market on its “intention to review its approach to financial forecasting”, stating it continues to work closely with auditors and advisors.

Qube Holdings Limited (ASX: QUB) issued a statement saying its proposal to buy Asciano Ltd (ASX: AIO) represents superior value to that proposed by Brookfield Infrastructure Partners.

Dairy giant FONTERRA ORD UNIT (ASX: FSF) revised downwards its forecast Farmgate Milk Price for the 2015/2016 season from $4.60 per kilogram of milk solids to $4.15 per kilogram of milk solids.

Shares of Australia and New Zealand Banking Group (ASX: ANZ) will also be watched closely after the regional bank announced sweeping managerial changes yesterday.

Finally, gold miners Newcrest Mining Limited (ASX: NCM), Resolute Mining Limited (ASX: RSG) and Northern Star Resources Ltd (ASX: NST), issued quarterly statements to the ASX this morning.

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Motley Fool writer/analyst 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.

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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