S&P/ASX 200 to open higher Friday: 9 shares to watch

The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) is expected to open higher on Friday, with shares of Oz Minerals Limited (ASX: OZL) and Regis Resources Limited (ASX: RRL) in focus.

Here’s a quick recap of global markets:

  • FTSE 100 (UK): up 0.1%
  • DAX (Germany): up 0.1%
  • CAC 40 (France): up 1.5%
  • Dow Jones (USA): up 0.8%
  • NASDAQ (USA): up 0.8%

In London, shares closed higher for the first time since Prime Minister Theresa May announced a general election to strengthen her government ahead of the UK leaving the European Union.

FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed 0.3% lower and 0.6% higher, respectively.

In the US, markets ended higher as renewed hopes of tax cuts spurred investors and oil prices stabilised.

Closer to home, the S&P/ASX 200 is expected to open higher.

Shares in focus will include Yancoal Australia Ltd (ASX: YAL), which this morning released its quarterly activities report showing a 55% rise in quarterly sales volumes.

Regis Resources reported a slight reduction in gold production for its most recent quarter. However, the company is expected to exceed its yearly production forecasts.

Gold and copper miner OZ Minerals released its March quarter report, with a positive update on it Carrapateena project. 

Also in focus today, shares of listed investment company (LIC) WAM Capital Limited (ASX: WAM) will enter a trading halt ahead of a proposed capital raising.

Meanwhile, small-cap technology business Bulletproof Group Ltd (ASX: BPF) has announced the appointment of Paula Kensington as Chief Financial Officer.

Finally, in broker news, Credit Suisse analysts raised their Challenger Ltd (ASX: CGF) price target 13% to $13.50 and their Brambles Limited (ASX: BXB) price target 4.7% to $8.90, according to Dow Jones Newswires.

Do you think a MARKET CRASH is coming? 

Our expert analyst has created a FREE research report on 5 steady ASX dividend stocks designed to weather a market storm.

Indeed, 2017 could be the most volatile year ever. However, these "strong and steady" shares promise a healthy stream of income plus capital gains...

This newly updated report is available for a limited time only, and your copy is 100% free.

Simply click here to receive your free copy of "Our Top 5 ASX Dividend Shares to Earn You Money in 2017" right now.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

 The Motley Fool Australia owns shares of Challenger 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.