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

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to rise as much as 0.6% at the opening bell this morning after oil prices surged higher overnight. Iron ore, on the other hand, fell 3.4% to US$70.34 a tonne, according to The Metal Bulletin.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.03%
  • DAX (Germany): up 0.19%
  • CAC 40 (France): up 0.56%
  • Dow Jones (USA): up 0.47%
  • NASDAQ (USA): up 0.89%

Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) could be dragged lower today as a result of the falling iron ore price.

That could also impact BHP Billiton Limited (ASX: BHP), although the miner could also be supported by the strong rise in the price of oil, which rose 4.4% overnight. Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could also benefit.

New Zealand-based Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) reported a 26% increase in its first-half net profit result this morning, off the back of a 12% rise in operating revenue. Fisher & Paykel’s result could impact the shares of competitors ResMed Inc. (CHESS) (ASX: RMD) and Somnomed Limited (ASX: SOM) today as well.

Karoon Gas Australia Limited (ASX: KAR) and BT Investment Management Ltd (ASX: BTT) both endured sharp falls yesterday, and could be on the market’s radar again.

So too could Baby Bunting Group Ltd (ASX: BBN), which soared yesterday off the back of impressive comparable sales growth figures.

Mesoblast limited (ASX: MSB) will hold its annual general meeting in Melbourne today, which should receive some attention from investors. FlexiGroup Limited (ASX: FXL) will also hold its AGM along with Monadelphous Group Limited (ASX: MND).

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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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