S&P/ASX 200 to open higher: 10 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): down 0.62%
  • NASDAQ (USA): up 0.35%
  • FTSE 100 (UK): up 0.71%
  • DAX (Germany): up 1.55%

In Europe, despite pressure on mining shares markets staged a rally on the back of banking and financial shares. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 1.8% lower and 0.8% higher, respectively.

In the US, technology shares boosted the NASDAQ but a broader retreat in financial and industrials shares took the Dow Jones lower.

Closer to home and the Sydney Futures Exchange is tipping a 20 point, or 0.4%, rise in the S&P/ASX 200.

Shares in focus will include Transurban Group (ASX: TCL). The toll road operator today announced revenue growth of 9.5% for its most recent half-year reporting period. Gateway Lifestyle Group (ASX: GTY) announced a half-year profit of $18.3 million on revenue of $53 million. Godfreys Group Ltd (ASX: GFY) revealed a 0.1% fall in revenue and 15% fall in net profit for its 2015 half-year.

Global media business News Corp (ASX: NWS) has declared a cash dividend of $0.10 to shareholders, payable March 9, 2016.

Insurance and banking heavyweight Suncorp Group Ltd (ASX: SUN) announced a 8% fall in revenue and 16% fall in profit for the period ended 31 December 2015.

Virgin Australia Holdings Ltd’s (ASX: VAH) half-year revenue rose 11.8%, while profit increased 230.8% to $98.8 million, up from a loss in the prior corresponding period.

Mirvac Group (ASX: MGR) announced a half-year profit of $472.7 million, up from $279 million last year.

Meanwhile, Goodman Group (ASX: GMG) reported revenue up 56.6% with profit 79.3% higher, ASX Ltd’s (ASX: ASX) profit came in 7.3% higher, and SKYCITY Entertainment Group Limited-Ord’s (ASX: SKC) reported profit was up 30%.

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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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