7 shares you need to watch on Thursday

The Commonwealth Bank (ASX:CBA) share price slipped more than 1% on Wednesday

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to recover some of yesterday's losses today with the futures market pointing to a 13-point rise at the opening bell.

Here's a quick recap:

  • FTSE 100 (UK): down 0.25%
  • DAX (Germany): up 0.75%
  • CAC 40 (France): up 0.29%
  • Dow Jones (USA): up 0.25%
  • NASDAQ (USA): up 0.28%

A mostly positive night for commodity prices could provide a boost for shares across the industry.

Fortescue Metals Group Limited (ASX: FMG) shares and BHP Billiton Limited (ASX: BHP) shares could benefit after the iron ore price rose 0.7%, according to The Metal Bulletin. The latter could also benefit after oil prices jumped more than 1%.

The gold price, on the other hand, slipped 0.4%, which could weigh on shares such as Newcrest Mining Limited (ASX: NCM).

The banks could also receive some attention today after sliding on Wednesday. The Commonwealth Bank of Australia (ASX: CBA) share price, for instance, dropped 1.2% and Westpac Banking Corp (ASX: WBC) fell 1.1%. According to a report by The Australian Financial Review, Citi analysts believe the banks' share prices have "little hope of rising".

The Galaxy Resources Limited (ASX: GXY) share price could receive more attention today as well after it lifted 7.4%. Platinum Asset Management Limited (ASX: PTM), on the other hand, slipped 4.3%, which could keep it in the spotlight today.

Motley Fool contributor Ryan Newman has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Platinum Investment Management 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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