Insights

5 things to watch on the ASX 200 on Friday

Bank of Queensland Limited (ASX:BOQ) and Zip Co Ltd (ASX:Z1P) shares will be on watch on the ASX 200 on Thursday…
The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia. –

A graphic showing share price movement, ASX market watch

On Wednesday the S&P/ASX 200 Index (ASX: XJO) was on form and charged higher. The benchmark index rose 0.65% to 7,023.1 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 futures pointing lower

The Australian share market looks set to give back a lot of yesterday’s gain this morning. According to the latest SPI futures, the ASX 200 is poised to open the day 40 points or 0.6% lower. This follows a disappointing night of trade on Wall Street, which saw the Dow Jones rise 0.15%, but the S&P 500 drop 0.4% and the Nasdaq tumble 1% lower.

Zip capital raising

The Zip Co Ltd (ASX: Z1P) share price could return from its trading halt today after announcing the details of its capital raising. The buy now pay later provider is aiming to raise A$400 million via senior unsecured convertible notes due in 2028. The additional capital from the offering will be used to support the active pursuit of both core and international growth opportunities.

Oil prices jump

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a strong day today after oil prices jumped. According to Bloomberg, the WTI crude oil price is up 4.6% to US$62.94 a barrel and the Brent crude oil price has stormed 4.3% higher to US$66.41 a barrel. Increasing demand and a decline in inventories helped drive prices higher.

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and Resolute Mining Limited (ASX: RSG) could trade lower today after the gold price softened. According to CNBC, the spot gold price is down 0.6% to US$1,736.90 an ounce. Firmer bond yields have been weighing on the safe haven asset.

Bank of Queensland half year results

The Bank of Queensland Limited (ASX: BOQ) share price will be on watch today when it hands in its half year results. According to a note out of Goldman Sachs, its analysts are expecting the bank to report cash earnings of $164 million. This will be an increase of 9% over the prior corresponding period. The broker expects this to allow the Bank of Queensland board to declare a fully franked interim dividend of 17 cents per share.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!