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6 shares you need to watch on Wednesday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) could receive a post-Christmas boost this morning after oil and gold prices both rose overnight.

Here’s a quick recap:

  • FTSE 100 (UK): closed
  • DAX (Germany): closed
  • CAC 40 (France): closed
  • Dow Jones (USA): down 0.03%
  • NASDAQ (USA): down 0.34%

Oil prices rose more than 2% overnight which may have been, at least partially, attributed to an attack on a pipeline in Libya, according to The Australian Financial Review. Shares of businesses such as BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO) could climb as a result.

Gold prices rose nearly 1% as well to US$1,283 an ounce. That could benefit shares of companies like Newcrest Mining Limited (ASX: NCM).

And retail businesses such as JB Hi-Fi Limited (ASX: JBH), Harvey Norman Holdings Limited (ASX: HVN) and Kogan.com Ltd (ASX: KGN) could receive some attention. Retailers around the country were expected to bring in $2.3 billion in Boxing Day sales, and close to $18 billion in the three weeks after, according to the ABC.

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Motley Fool contributor Ryan Newman has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Kogan.com ltd. 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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