S&P/ASX 200 set to rise: 8 shares to watch

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

Here’s a recap:

  • FTSE 100 (UK): up 0.08%
  • DAX (Germany): up 0.13%
  • CAC 40 (France): up 0.05%
  • Dow Jones (USA): up 0.25%
  • NASDAQ (USA): up 0.65%

In London, shares moved mostly sideways on Friday as investors awaited the latest news on US interest rates. Mining and energy shares were among the losers. BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 1.73% lower and 0.42% higher, respectively.

US markets ended a strong week higher, despite Federal Reserve Chair Janet Yellen saying an interest rate increase in the next few months is probable.

Closer to home, the Sydney Futures Exchange is tipping a 23-point, or 0.4%, rise in the S&P/ASX 200.

Shares in focus will include Medibank Private Ltd (ASX: MPL). This morning, the private health insurer announced the resignation of Executive General manager, Technology and Operations, Sarah Harland.

Subsequently, Suncorp Group Ltd (ASX: SUN) announced Ms Harland would join them as the bank’s new Chief Information Officer, effective from September 2016.

Genworth Mortgage Insurance Australia (ASX: GMA) announced the appointments of Ms Georgette Nicholas as Managing Director and Mr David Foster as Non-Executive Director with immediate effect.

Rare-earths miner Lynas Corporation Limited (ASX: LYC) confirmed the completion of amendments for both of its debt facilities. Lynas said the amendments reflect the support of both lender groups.

Qantas Airways Limited (ASX: QAN) released its traffic and capacity statistics for April, revealing a 3.7% increase in available seat kilometres and weaker revenue per seat kilometre.

Finally, in broker news:

  • Citi analysts raised their Aristocrat Leisure Limited (ASX: ALL) price target 2.1% to $14.30;
  • Macquarie analysts raised their Spark Infrastructure Group (ASX: SKI) price target 7.3% to $2.64; and
  • Deutsche Bank analysts revised their Adelaide Brighton Ltd. (ASX: ABC) price target to $5.49, according to Dow Jones Newswires.

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned in this article. 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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