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ASX 200 to jump again: 14 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise roughly 0.2% at the opening bell this morning, adding to yesterday’s rebound. The Australian dollar also continued its descent, now fetching just US 74.13 cents.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.67%
  • DAX (Germany): up 0.2%
  • CAC 40 (France): up 0.59%
  • Dow Jones (USA): up 0.19%
  • NASDAQ (USA): up 0.74%

The spot gold price slipped almost 1% overnight and is again fetching just US$1,213 an ounce. It has fallen significantly since its initial post-election rally and will likely weigh on shares such as St Barbara Ltd (ASX: SBM), Newcrest Mining Limited (ASX: NCM) and Beadell Resources Ltd (ASX: BDR) again today.

Iron ore and oil, on the other hand, both recorded gains overnight. That could help support BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG).

Businesses such as Computershare Limited (ASX: CPU) and QBE Insurance Group Ltd (ASX: QBE) could benefit from comments from the US Federal Reserve which indicated US interest rates would rise “relatively soon”.

Orion Health Group Ltd (ASX: OHE) announced it has extended an agreement with Philips, which could draw some attention.

Meanwhile, Mobile Embrace Ltd (ASX: MBE) shares plummeted during yesterday’s session, so investors will be hopeful for a rebound of sorts today.

Finally, a number of businesses will hold their annual general meetings today. Myer Holdings Ltd (ASX: MYR) will hold its, together with iSelect Ltd (ASX: ISU) and Automotive Holdings Group Ltd (ASX: AHG).

Gold miners Independence Group NL (ASX: IGO) and Regis Resources Limited (ASX: RRL) will hold their meetings today as well.

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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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