Insights

5 things to watch on the ASX 200 on Friday

Will it be a better day for 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) was well and truly out of form and dropped notably lower. The benchmark index fell 1.9% to 7,369.5 points.

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

ASX 200 expected to rebound

The Australian share market looks set to end the week on a better note. According to the latest SPI futures, the ASX 200 is expected to open the day 35 points or 0.5% higher this morning. This follows a better than feared night of trade on Wall Street, which saw the Dow Jones fall 0.4%, the S&P 500 drop 0.45%, and the Nasdaq down 0.25%.

Shares going ex-dividend

A number of shares are going ex-dividend this morning and could trade lower. This includes waste management company Cleanaway Waste Management Ltd (ASX: CWY) and logistics solutions platform provider WiseTech Global Ltd (ASX: WTC). Elsewhere, eligible JB Hi-Fi Limited (ASX: JBH) shareholders can look forward to receiving its 107 cents per share dividend this morning.

Oil prices fall

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week on a disappointing note after oil prices tumbled lower overnight. According to Bloomberg, the WTI crude oil price is down 1.9% to US$68.02 a barrel and the Brent crude oil price is down 1.7% to US$71.34 a barrel. News that China intends to tap its reserves weighed on prices.

ResMed rated as neutral

The ResMed Inc. (ASX: RMD) share price could be fully valued according to analysts at Goldman Sachs. In response to its investor day event, the broker has retained its neutral rating and $36.20 price target. This compares to the current ResMed share price of $40.30. Goldman is a big fan of the company but is struggling with its current valuation.

Gold price rises

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.2% to US$1,796.90 an ounce. A softening US dollar gave the precious metal a boost.

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

Wondering where you should 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 August 16th 2021

More reading

ASX 200 sinks, BHP and CBA fall

The Woodside (ASX:WPL) share price could be worth $28: broker
How does the A2 Milk (ASX:A2M) share price compare to the ASX 200 today?
Here are the top 10 ASX 200 shares on Thursday – yes there were some

Why is the ASX share market down today?

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 WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns shares of and has recommended WiseTech Global. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!