MENU

S&P/ASX 200 open Wednesday: 7 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to rebound today. The futures market is pointing to an 11-point rise at the opening bell.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.15%
  • DAX (Germany): up 0.31%
  • CAC 40 (France): up 0.47%
  • Dow Jones (USA): up 0.21%
  • NASDAQ (USA): up 0.08%

The BHP Billiton Limited (ASX: BHP) share price will be in focus today following reports in The Australian Financial Review that the miner has engaged Barclays to divest its US Fayetteville shale gas assets. The group’s London-listed shares fell 0.64% overnight, compared to a 0.1% fall for Rio Tinto Limited’s (ASX: RIO) London stock.

G8 Education Ltd (ASX: GEM) is expected to emerge from an extended trading halt today. The group announced yesterday it would raise $100 million via an institutional placement to reduce debt and fund growth opportunities. However, this only came after another binding agreement with an investor to raise $149 million fell through; that investor has now agreed to contribute just $31.8 million, bringing the total to be raised by G8 to $131.8 million.

Insurance business Tower Limited (Australia) (ASX: TWR) reported a loss of $8.2 million for the half-year period, impacted by events such as the Kaikoura earthquake and the Tasman Tempest storms. It did, however, manage to reduce its management expenses by $2.6 million compared to the prior corresponding period.

Automotive Solutions Group Ltd (ASX: 4WD) has responded to a takeover offer by AMA Group Ltd (ASX: AMA), advising shareholders to take no action.

And the banks could be in focus again today. Each of the banks ended yesterday’s session in the red after providing the market with estimates regarding how they expect to be impacted by the Federal Government’s bank levy. The Westpac Banking Corp (ASX: WBC) share price fell a little over 1%.

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

  1. Here’s How Much the Bank Levy Will Cost Commonwealth Bank of Australia
  2. Revealed: 3 dividend shares with yields over 5%

For Investors Who Are Anxious About 2017

You never know when the share market could take a turn, and it's always good to be prepared. That’s why one Foolish expert is revealing 5 of his favorite dividend payers now. These “strong and steady” shares indicate a healthy stream of income plus capital gains...

But you must act now. This newly updated report is available for a limited time only, and your copy is 100% free. So don’t miss out!

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 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!