On Thursday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had a stunning day and shrugged off global trade war fears to climb 0.85% to 6,268.3 points.
Will the local market be able to build on this on Friday? Here are five things to watch:
ASX futures pointing higher.
According to the latest SPI futures, the Australian share market is expected to have a solid finish to the week. Futures are pointing to the market opening 0.4% or 24 points higher on Friday following a positive night of trade on Wall Street. The Dow Jones Industrial Average rose 0.9%, the S&P 500 climbed almost 0.9%, and the Nasdaq stormed 1.4% higher.
Nasdaq storms to a new high.
Australian tech shares such as Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX) could be set to finish the week on a high after U.S. tech shares surged higher overnight. Facebook, Amazon, Apple, and Alphabet made strong gains, ensuring that the Nasdaq closed the day at a new record high.
A2 Milk rated as a buy.
Yesterday the A2 Milk Company Ltd (ASX: A2M) share price tumbled lower after the infant formula and dairy company provided its full-year guidance and outlook for FY 2019. Goldman Sachs has responded to the news by retaining its buy rating but reducing its price target slightly to $12.20.
Integrated Research guidance.
The Integrated Research Limited (ASX: IRI) share price will be on watch on Friday after the global provider of experience management solutions released reasonably weak full-year guidance after the market closed. According to the release, the company expects revenue to be flat and profit after tax growth to be up between 1% and 5% compared to the previous year.
Oil prices mixed.
Oil prices were mixed overnight after yesterday's heavy declines. According to Bloomberg, the WTI crude oil price edged slightly lower to US$70.35 a barrel and the Brent crude oil price rebounded strongly and pushed 1.4% higher to US$74.45 a barrel.
