S&P/ASX 200 to open flat: 4 shares to watch

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

Here’s a recap:

  • Dow Jones (USA): down 0.31%
  • NASDAQ (USA): down 0.46%
  • FTSE 100 (UK): up 0.30%
  • DAX (Germany): up 0.28%
  • CAC 40 (France): up 0.53%

In Europe, markets rebounded from Friday’s losses following the release of key economic data. The energy sector gained ground, and shares of Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP) ended 2.1% and 0.7% higher, respectively.

In the US, markets traced oil futures lower ahead of reporting season. Healthcare was the only sector to advance, rising 0.87%, while shares in the energy and basic materials sectors ended lower.

Closer to home, the Sydney Futures Exchange is tipping a two-point, or 0.04% rise, in the S&P/ASX 200.

Summerset Group Holdings Ltd (ASX: SNZ) shares will be in focus. This morning, the retirement living developer and owner updated the market on sales of occupation rights for the first quarter of FY16. Summerset achieved sales of 121 occupation rights during the quarter.

Atlas Iron Limited (ASX: AGO) updated the market on its debt restructure with some of its lenders. The iron ore miner said it will effectively reduce its term loan debt from $US267 million to $US135 million and extend maturity dates from December 2017 to approximately April 2021. In exchange, the 71 lenders stand to receive shares and options equating to around 70% of all Atlas shares and options on issue. Atlas will also be required to maintain a cash balance of $35 million every month.

Finally, in broker news, analysts at UBS cut their price target on Woolworths Limited (ASX: WOW) shares from $20.50 to $20, while Deutsche Bank analysts trimmed their Crown Resorts Ltd (ASX: CWN) price target 1.5% to $13, 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 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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