ASX preview on Thursday: 8 shares you need to watch today

The Telstra Corporation Ltd (ASX: TLS) share price will likely be a primary focus of the market today after its 7.5% collapse during yesterday’s session. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) itself is expected to slide today, following in the footsteps of most of its international counterparts, with the futures market pointing to a 31-point drop.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.22%
  • DAX (Germany): up 0.13%
  • CAC 40 (France): down 0.01%
  • Dow Jones (USA): down 0.29%
  • NASDAQ (USA): down 0.52%

The Telstra share price was poleaxed following the news that fellow telecommunications business TPG Telecom Ltd (ASX: TPM) made a successful bid to enter the mobile market. Vocus Group Ltd (ASX: VOC) also fell on the news.

The iron ore miners will also be a hot topic after the iron ore price was slammed 8.5% overnight. One tonne of the commodity is now fetching US$68.04 a tonne, according to The Metal Bulletin.

That could of course impact the BHP Billiton Limited (ASX: BHP) share price, together with Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).

Gold, on the other hand, continued to rise. It was up another 0.6% overnight to US$1282 an ounce, which could help the share prices of businesses such as Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM).

Before getting started on your day, be sure to check out these two articles:

  1. Why the Telstra Corporation Ltd share price has been smacked today
  2. Why making big money in the share market is much easier than you think

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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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