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

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

Here’s a recap:

  • Dow Jones (USA): down 0.75%
  • NASDAQ (USA): down 0.98%
  • FTSE 100 (UK): down 1.19%
  • DAX (Germany): down 2.63%
  • CAC 40 (France): down 2.18%

In Europe, markets fell into the red as the IMF warned of the potential implications of China’s recent jitters and global growth, and Germany’s factory orders dropped to a six-month low. Resources and energy shares fell lower, with FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ending down 5% and 3%, respectively.

In the US, the financial and utilities sectors dragged markets lower as bears began to worry ahead of the upcoming reporting season results.

Closer to home, the Sydney Futures Exchange is tipping an 18-point, or 0.3%, fall in the S&P/ASX 200.

Shares in focus will include Orion Health Group Ltd (ASX: OHE). This morning, the healthcare data business announced it had signed an agreement with Metro North, Queensland’s largest health service platform, to use its Referrals Management platform.

Clydesdale and Yorkshire Bank PLC, found on Google Finance as CYBG PLC CDI 1:1 (ASX: CYB), announced the appointment of Mark Thundercliffe as Chief Risk Officer. CYB PLC was recently split from National Australia Bank Ltd. (ASX: NAB) following years of shareholder pressure.

Gold miner Saracen Mineral Holdings Limited (ASX: SAR) released a market update saying its annual production rate is set to double to 300,000 ounces, it has $34.3 million cash and no debt. “Saracen is in an enviable position to build a significant cash position,” Saracen Managing director, Raleigh Finlayson, said.

Finally, in broker news, analysts at Morgan Stanley initiated coverage over Domino’s Pizza Enterprises Ltd (ASX: DMP) shares with a price target of $70, while UBS analysts raised their Retail Food Group Limited (ASX: RFG) price target 3.7% to $5.65.

I can't believe this

The Motley Fool's expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.

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 owns shares of Retail Food Group Limited. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.