ASX 200 set to fall: 8 shares you need to watch today

Shares in the United States rose on Tuesday night thanks to a rise in consumer confidence and a rebound in banking shares. However, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is not expected to follow this morning with ASX futures pointing to a minor retreat at the open.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.15%
  • DAX (Germany): down 0.31%
  • CAC 40 (France): down 0.21%
  • Dow Jones (USA): up 0.74%
  • NASDAQ (USA): up 0.92%

Shares of Intueri Education Group Ltd (ASX: IQE) will be in focus today after they plummeted 80% on Tuesday. The collapse was sparked by an audit from the Australian Skills Quality Authority (ASQA) that threatened to cancel the registration of two of Intueri’s Registered Trading Organisations. You can read about that here.

Bapcor Ltd (ASX: BAP) shares are likely to remain in a trading halt for the day after the group announced it would acquire New Zealand’s Hellaby Holdings. Cover-More Group Ltd (ASX: CVO) shares are also expected to remain in a trading halt today.

Shares of retail giant Woolworths Limited (ASX: WOW) have come under pressure this week, as have Telstra Corporation Ltd (ASX: TLS). Investors will keep an eye on those shares today.

The gold miners were among the market’s best performers on Tuesday, but could come under pressure today after the spot gold price slipped 0.8% overnight. That could impact businesses such as St Barbara Ltd (ASX: SBM) and Independence Group NL (ASX: IGO).

Oil prices were also down sharply overnight, which could weigh on BHP Billiton Limited (ASX: BHP) and its fellow energy producers.

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Motley Fool contributor Ryan Newman owns shares of Bapcor. The Motley Fool Australia owns shares of Bapcor. 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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