5 things to watch on the ASX 200 on Friday

Afterpay Ltd (ASX:APT) and Link Administration Holdings Ltd (ASX:LNK) shares will be on watch on the ASX 200 on Friday…
The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia. –

On Thursday the S&P/ASX 200 Index (ASX: XJO) fought hard to record the smallest of gains. The benchmark index rose slightly to 7,094.9 points.

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

ASX 200 expected to rise

The Australian share market looks set to end the week on a solid note. According to the latest SPI futures, the ASX 200 is expected to open the day 54 points or 0.75% this morning. This follows a reasonably positive night on Wall Street, which saw the Dow Jones rise 0.4%, the S&P 500 climb 0.1%, and the Nasdaq trade flat.

Oil prices rise

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could finish the week on a positive note after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.9% to US$66.81 a barrel and the Brent crude oil price is up 0.7% to US$69.36 a barrel. Solid US economic data gave prices a lift.

Afterpay on watch

The Afterpay Ltd (ASX: APT) share price will be on watch today after its rival Klarna announced a major investment. According to CNBC, the buy now pay later provider is expected to secure new funding valuing it at US$40 billion. SoftBank is believed to be backing the deal. Commonwealth Bank of Australia (ASX: CBA) owns a stake in the company.

Link receives offer for PEXA

The Link Administration Holdings Ltd (ASX: LNK) share price could be on the move on Friday. This follows news that the company has received an offer for its PEXA business. Private equity firm KKR has tabled an offer that values PEXA at $3 billion on a 100% basis. Link owns 44.18% of the property settlement business. The Link Board is considering the proposal.

Gold price softens

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch today after the gold price softened. According to CNBC, the spot gold price is down 0.2% to US$1,897.50 an ounce. Strong economic data out of the United States weighed on demand for the safe haven asset.

Learn 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

ASX 200 rises, Costa smashed, Fisher & Paykel drops

The RBNZ could hike rates in 2022. Will the RBA follow suit?

ASX 200 flat: Costa crashes & Fisher & Paykel Healthcare tumbles

Commonwealth Bank (ASX:CBA) share price higher on digital banking update
5 things to 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.

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!