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ASX 200 to lift: 7 shares you need to watch today

The Santa Rally is expected to continue for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) when trading begins this morning, with the Sydney Futures Exchange pointing to a 12-point lift at the open.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.38%
  • DAX (Germany): up 0.33%
  • CAC 40 (France): up 0.56%
  • Dow Jones (USA): up 0.46%
  • NASDAQ (USA): up 0.49%

Bellamy’s Australia Ltd (ASX: BAL) will be in focus today. It is expected to emerge from an extended trading halt with another business update.

REA Group Limited (ASX: REA) will receive some attention from investors after the online classifieds business announced it had sold its European businesses for an estimated profit of $164.8 million yesterday afternoon.

Shares across the gold sector could come under some pressure after the spot gold price slipped 0.5% overnight. That could hurt shares such as EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).

Iron ore also slid 2%, while oil prices were up 0.7%, indicating the results across the resources sector could be mixed.

Seven West Media Ltd (ASX: SWM) bounced back yesterday but could remain in the spotlight following an affair between its CEO and one of its staff members.

Finally, Syrah Resources Ltd (ASX: SYR) and Bega Cheese Ltd (ASX: BGA) could be stocks to watch today. The pair came under heavy selling pressure on Tuesday so could be on the radar of investors.

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia. 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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