5 things to watch on the ASX 200 on Thursday

Here’s what to expect on the ASX 200 on Thursday…
The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia. –

On Wednesday the S&P/ASX 200 Index (ASX: XJO) was well and truly out of form and sank notably lower. The benchmark index fell 1.1% to 7,196.7 points.

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

ASX 200 expected to rise

The Australian share market looks set to rise on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 14 points or 0.2% higher this morning. This follows a mixed night of trade on Wall Street, which saw the Dow Jones rise 0.25%, the S&P 500 climb 0.15%, and the Nasdaq fall 0.25%.

Oil prices fall

It could be a softer day for energy producers such as Oil Search Ltd (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) after oil prices pulled back. According to Bloomberg, the WTI crude oil price is down 0.85% to US$74.64 a barrel and the Brent crude oil price has fallen 0.9% to US$78.37 a barrel. Traders appear to have been taking profit after some strong gains in recent sessions.

Dividends being paid

Today is payday for shareholders of a number of ASX 200 shares. Among the companies paying their latest dividends are Bendigo and Adelaide Bank Ltd (ASX: BEN), CSL Limited (ASX: CSL), Fortescue Metals Group Limited (ASX: FMG), Newcrest Mining Ltd (ASX: NCM), and Ramsay Health Care Limited (ASX: RHC).

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a difficult day after the gold price dropped again. According to CNBC, the spot gold price is down 0.7% to US$1,725.20 an ounce. The precious metal continues to struggle on growing confidence that the U.S. Federal Reserve will soon wind down its economic support measures.

Iron ore price rises

BHP Group Ltd (ASX: BHP) and Fortescue shares could have a better day today after the benchmark iron ore price continued to recover. According to Metal Bulletin, the spot 62% fines iron ore price rose 1.8% to US$114.13 a tonne during overnight trade.

The post 5 things to watch on the ASX 200 on Thursday 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

Here are the top 10 ASX shares today

Here are the 3 most traded ASX 200 shares so far today

Sydney Airport (ASX: SYD) share price slips amid ACCC’s latest findings
Fortescue (ASX:FMG) share price eyes fresh 14-month lows as iron ore prices tumble
Which ASX 300 shares are leading the way mid-week?

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 CSL Ltd. The Motley Fool Australia owns shares of and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Ramsay Health Care Limited. 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!