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ASX 200 rebound to falter: 11 shares you need to watch today

The global ‘Trump rally’ faltered overnight as investors once again began questioning what a Donald Trump presidency will actually entail. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is set to follow their lead with the Sydney Futures Exchange pointing to a slight decline at the opening bell.

Here’s a quick recap:

  • FTSE 100 (UK): down 1.21%
  • DAX (Germany): down 0.15%
  • CAC 40 (France): down 0.28%
  • Dow Jones (USA): up 1.17%
  • NASDAQ (USA): down 0.81%

Iron ore miners BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) soared on Thursday as the iron ore price rocketed towards US$71 a tonne.

The group could benefit again today with the resource climbing another 4.4% to US$74.12 a tonne, according to The Metal Bulletin.

Gold, on the other hand, continued to decline which could weigh further on EVOLUTION FPO (ASX: EVN), St Barbara Ltd (ASX: SBM) and Regis Resources Limited (ASX: RRL), amongst others.

One of the market’s best performing shares during yesterday’s relief rally was Aconex Ltd (ASX: ACX), which will likely attract more attention today.

QBE Insurance Group Ltd (ASX: QBE) and Computershare Limited (ASX: CPU) rocketed higher as well, likely in anticipation of higher US interest rates, and could thus remain in focus.

Investors will also pay attention to some of the market’s higher-yielding dividend stocks, including Transurban Group (ASX: TCL) and Sydney Airport Holdings Ltd (ASX: SYD). The pair fell sharply yesterday on talk of higher interest rates.

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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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