ASX 200 to lift: 13 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to defy a night of losses for key commodities with the Sydney Futures Exchange pointing to a 5-point lift at the opening bell.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.4%
  • DAX (Germany): up 0.36%
  • CAC 40 (France): up 0.91%
  • Dow Jones (USA): up 0.12%
  • NASDAQ (USA): up 0.21%

It was a bad night for iron ore, copper, nickel and oil. Iron ore and oil prices slipped 4.4% and 3.3%, respectively.

That could mean further losses for businesses such as BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO), as well as Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO). Shares of South32 Ltd (ASX: S32) could also suffer.

Outside the resources sector, Vocus Communications Limited (ASX: VOC) and TPG Telecom Ltd (ASX: TPM) are bound to receive some more attention. The pair plummeted on Tuesday following a disappointing trading update from Vocus.

Medibank Private Ltd (ASX: MPL) is conducting an investor day today. It said its revenue growth was “slightly below company expectations” for the four months to 31 October 2016.

TFS Corporation Ltd (ASX: TFS) also announced their quarterly results today, reporting a substantial decline in revenue and earnings compared to the prior corresponding period. However, it is still guiding for a 25% increase in cash earnings (before interest, tax, depreciation and amortisation) for the full-year compared to FY16.

A number of businesses will hold their annual general meetings today, which could mean trading updates. St Barbara Ltd (ASX: SBM) is one of those businesses, together with Retail Food Group Limited (ASX: RFG), Bank of Queensland Limited (ASX: BOQ) and Karoon Gas Australia Limited (ASX: KAR). Karoon’s shares plunged more than 7% on Tuesday.

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Motley Fool contributor Ryan Newman owns shares of Retail Food Group Limited. The Motley Fool Australia owns shares of Retail Food Group Limited. 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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