S&P/ASX 200 set to fall: 9 shares to watch

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

Here’s a recap:

  • FTSE 100 (UK): down 1.10%
  • DAX (Germany): down 1.25%
  • CAC 40 (France): down 0.97%
  • Dow Jones (USA): down 0.11%
  • NASDAQ (USA): down 0.32%

In London, the FTSE 100 fell into negative territory following the release of poor housing data and a 1% decline in oil prices. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 3.1% and 1.6%, respectively.

US markets fared a little better than their European counterparts but still ended in the red. The pullback in oil prices, together with a decline in bond yields, weighed on sentiment. The materials and financial sectors were the worst-performing.

Closer to home, the Sydney Futures Exchange is tipping a 27-point, or 0.5%, fall in the S&P/ASX 200.

Shares in focus will include Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP). This morning, the property group announced the sale of their New Zealand portfolio to an entity established by Stride Property Ltd. The sale price is NZ$257.4 million.

AIR N.Z. FPO NZ (ASX: AIZ) announced it will sell a 19.98% stake in Virgin Australia Holdings Ltd (ASX: VAH) to Nanshan Group, a large privately-owned Chinese conglomerate.

Also hitting the ASX boards today, S&P Dow Jones Indices released their June 2016 quarterly rebalance. Notably, vitamins company Blackmores Limited (ASX: BKL) was admitted into the S&P/ASX 200 to take the place of Spotless Group Holdings Ltd (ASX: SPO).

Finally, in broker news:

  • UBS analysts cut their Amcor Limited (ASX: AMC) price target 5.1% to $16.60;
  • Morgans analysts raised their Webjet Limited (ASX: WEB) price target 35% to $7.40;
  • Credit Suisse cut their Woodside Petroleum Limited (ASX: WPL) price target 5.4% to $25.65, 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. You can follow Owen 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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