ASX 200 to fall: 10 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is tipped to fall 45 points or 0.9% at the open this morning, taking it further away from the 5,500-point mark. It rose as high as 5,498 points on Tuesday, but ultimately ended the session just below 5,480.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.38%
  • DAX (Germany): down 0.44%
  • CAC 40 (France): down 0.57%
  • Dow Jones (USA): down 1.09%
  • NASDAQ (USA): down 1.54%

Gold shares could continue to fall today after the spot gold price slipped another 0.3%, with one ounce of the precious metal now worth US$1,255.55.

That could weigh further on stocks such as St Barbara Ltd (ASX: SBM), which plunged 5.5% on Tuesday, as well as EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).

Elsewhere in the resources sector, iron ore jumped 1.8% and Brent oil fell 1.4%. One barrel of oil is now fetching US$52.41 a barrel.

South32 Ltd (ASX: S32), Whitehaven Coal Ltd (ASX: WHC) and Alumina Limited (ASX: AWC) enjoyed gains of 4.6%, 5.2% and 4.4% yesterday, respectively, and will also be in focus again today.

Meanwhile, Yellow Brick Road Holdings Ltd (ASX: YBR) will be in the spotlight after its founder, Mark Bouris, said he would ‘fire himself’ this financial year if the company doesn’t make a profit, according to The Australian Financial Review.

Estia Health Ltd (ASX: EHE) resumed its downward trend again yesterday, plunging 6.2%. The shares have endured a period of intense volatility recently, with investors wise to remain on the sidelines.

Outdoor media group APN Outdoor Group Ltd (ASX: APO) was one of the biggest fallers on Tuesday after its rival, oOh!Media Ltd (ASX: OML) announced another major acquisition. oOh!Media shares were placed in a trading halt, and will remain in that state until the earlier of trading on Thursday or when an announcement is released to the market.

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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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