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S&P/ASX 200 to open lower: 6 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): up 0.5%
  • NASDAQ (USA): up 0.1%
  • FTSE 100 (UK): up 1.1%
  • DAX (Germany): down 0.4%
  • EURO STOXX 50 (Europe): up 0.3%

In the US, expectations that the Federal Reserve will not increase interest rates in 2016 drove the US dollar lower and boosted commodity prices. In after-hours trading, LinkedIn Corp shares were down 26.4%, after the professional social network released its fourth quarter results to the market.

In Europe, markets headed higher following a jump in mining shares. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) rose 5.5% and 7.2%, respectively.

Closer to home, the Sydney Futures Exchange is tipping a 14 point, or 0.2%, fall in the S&P/ASX 200.

Of particular focus will be shares of News Corp (ASX: NWS). The global media giant released its second quarter results to the market this morning showing a 4.4% fall in revenue and a 44% drop in earnings per share.

REA Group Limited (ASX: REA), the owner of realestate.com.au and more, revealed its half-year report to the market showing an 8% increase in revenue and a 9% drop in net profit.

Codan Limited (ASX: CDA), a resources technology business, reported an 8% lift in net profit after tax for its half-year. Meanwhile, Myob Group Ltd (ASX: MYO) said it has reached 170,000 online users of its online accounting software.

Finally, in broker news, analysts at Macquarie lowered their price target on BT Investment Management Ltd (ASX: BTT) shares 4.6% to $11.05, while Credit Suisse analysts cut their price target on Downer EDI Limited (ASX: DOW) 21% to $3.35, according to Dow Jones Newswires.

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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.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of LinkedIn. 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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