S&P/ASX 200 to open lower: 5 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): down 0.45%
  • NASDAQ (USA): down 1.1%
  • FTSE 100 (UK): up 0.10%
  • DAX (Germany): up 0.33%
  • CAC 40 (France): down.18%

In Europe, major markets bucked off concerns from the Brussels incident earlier in the week to post gains. In London, renewed fears of a Brexit (Britain exciting the Eurozone) saw the British pound fall against the basket of major currencies. As a result mining shares were sold down. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 1.85% and 1.46%, respectively.

In the US, technology shares weighed on markets with the NASDAQ falling more than 1%. Shares of Apple Inc, Alphabet Inc (formerly Google), Microsoft and Twitter fell – the latter by more than 5%.

Closer to home, the Sydney Futures Exchange is tipping a 34-point, or 0.6%, fall in the S&P/ASX 200.

Shares in focus will include Australia and New Zealand Banking Group (ASX: ANZ). This morning, the retail banking behemoth updated the market on its expected credit quality. It said it expects credit charges to rise from $800 million, reported 17 February 2016, by at least another $100 million. While the size of the increase isn’t a game-changer for ANZ, investors will no doubt be questioning whether the banking cycle is finally turning down.

Meanwhile, Santos Ltd (ASX: STO) notes ENN Group’s acquisition of Hony Capital’s 11.7% shareholding in the oil and gas giant. ENN Group agreed to buy the “strategic stake” in Santos for $US750 million.

Junior technology business, Infomedia Limited (ASX: IFM), announced the appointment of Mr Richard Leon as Chief Financial Officer following the resignation of Mr Russell King. Mr Leon was previously CFO of Altium Limited (ASX: ALU) from 2008 to 2015.

Finally, in broker news, Goldman Sachs analysts raised their price target on TPG Telecom Ltd (ASX: TPM) 3.5% to $11.70 while Morgans analysts cut their price target on Kathmandu Holdings Ltd (ASX: KMD) shares 3.5% to $1.66, according to Dow Jones Newswires.

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Motley Fool Contributor 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 Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, and Twitter. 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 Altium. 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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