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5 things to watch on the ASX 200 on Friday

Here’s what to expect on the final day of the week…
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) was out of form and dropped lower. The benchmark index fell 0.55% to 7,485.7 points.

Will the market be able to bounce back from 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 positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 17 points or 0.2% higher. This follows a decent night of trade on Wall Street, which saw the Dow Jones rise 0.4%, the S&P 500 climb 0.3%, and the Nasdaq edge 0.15% higher.

Telstra named as buy

The Telstra Corporation Ltd (ASX: TLS) share price is in the buy zone according to analysts at Goldman Sachs. The broker has been looking through the telco sector and has retained its buy rating and $4.30 price target on its shares. Goldman notes that there have been recent NBN price rises from providers and expects this market rationality to continue in FY 2022.

Oil prices rise

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week on a positive note after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.6% to US$69.70 a barrel and the Brent crude oil price is up 1.6% to US$72.75 a barrel. Optimism over the global economic recovery drove prices higher.

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.2% to US$1,811.90 an ounce. Traders appear undecided on what recent economic data means for the gold price.

Shares going ex-dividend

A number of shares are going ex-dividend today and could trade lower. This includes fuel retailer Ampol Ltd (ASX: ALD), regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN), and financial technology company Bravura Solutions Ltd (ASX: BVS).

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

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More reading

Here are the 3 most traded ASX 200 shares on Thursday

ASX 200 down, Flight Centre rises, Redbubble falls

Here are the top 10 ASX 200 shares on Thursday

Energy shares are the only ASX 200 sector on the rise this Thursday

ASX 200 midday update: BHP sinks, Flight Centre expansion

Motley Fool contributor 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 and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and Telstra Corporation Limited. 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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