On Wednesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) gave back its early gains to finish the day lower by 0.25% to 6,063.6 points.
Will the market be able to bounce back today? Here are five things to watch:
ASX futures pointing higher.
The Australian share market is expected to open the day higher on Thursday. According to the latest SPI futures, the ASX 200 is expected to start the day 0.1% or 6 points higher. This follows a positive night of trade on Wall Street which late in the session sees the Dow Jones up 0.35%, the S&P 500 up 0.3%, and the Nasdaq 0.25% higher.
Telstra results.
It looks set to be one of biggest days in recent memory for the Telstra Corporation Ltd (ASX: TLS) share price on Thursday. This morning the telco giant will release its interim results and is likely to reveal its dividend plans for FY 2019. The market appears to be expecting a dividend cut, but opinion is divided on how severe the cut will be.
Oil prices climb higher.
Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO) shares could be on the rise today after oil prices climbed higher again. According to Bloomberg, the WTI crude oil price rose 1.8% to US$54.06 a barrel and the Brent crude oil price pushed 1.9% higher to US$63.62 a barrel.
Treasury Estates results.
The Treasury Wine Estates Ltd (ASX: TWE) share price could be on the move this morning when it releases its half year results. Full year EBITS guidance of 25% is expected to be reiterated by management and a progress report on its new distribution strategy in the United States should be provided
Other results due to be released.
In addition to Telstra and Treasury Wine Estates, results are scheduled to be released by waste management company Cleanaway Waste Management Ltd (ASX: CWY), fund manager Magellan Financial Group Ltd (ASX: MFG), mining giant South32 Ltd (ASX: S32), and leading insurer Suncorp Group Ltd (ASX: SUN).
