S&P/ASX 200 set to open flat: 9 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to open hardly changed, with the SPI Futures pointing to a slight rise in the index.

Mixed US data may see traders uncertain about the direction of the market and trying to second-guess what the US central bank will make of the data.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.9%
  • DAX (Germany): down 0.7%
  • CAC 40 (France): down 0.5%
  • Dow Jones (USA): down 0.3%
  • S&P 500 (USA): down 0.3%
  • NASDAQ (USA): down 0.3%

Gold miners may see some reprieve from heavy selling in recent weeks after the spot gold price rose 0.4% to US$1,255.96 an ounce overnight. Resolute Mining Limited (ASX: RSG), Teranga Gold Corp (CDI) (ASX: TGZ) and Millennium Minerals Ltd. (ASX: MOY) have seen their share prices fall by around 25% over the past month.

Iron ore posted a strong gain, rising 1.9% to US$58.38 a tonne, which could see the likes of BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) benefit.

Energy stocks could take a bit of a whack after Brent crude fell 1% to US$51.44 a barrel.

Photomapping company Nearmap Ltd (ASX: NEA) could see some support today, after releasing an upbeat trading update with strong quarterly revenue growth in both the US and locally.

Woolworths Limited (ASX: WOW) could also see some gains after Caltex Australia Limited (ASX: CTX) confirmed that it had submitted a bid for the supermarket retailer’s fuels business.

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Motley Fool writer/analyst Mike King owns shares in Woolworths and Nearmap. You can follow Mike on Twitter @TMFKinga

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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