On Thursday the S&P/ASX 200 index came under pressure again and dropped 0.35% to 6,649.1 points.
Will the market be able to bounce back on Friday? Here are five things to watch:
ASX poised to open higher.
The Australian share market looks set to finish the week on a positive note. According to the latest SPI futures, the ASX 200 index is poised to open 0.25% or 17 points higher this morning. This follows a reasonably positive night of trade on Wall Street which saw the Dow Jones edge higher, the S&P 500 climb 0.35%, and the Nasdaq rise 0.3%.
Oil prices continue to sink.
It looks set to be another disappointing day of trade for energy producers such as Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) after oil prices continued to sink lower. According to Bloomberg, the WTI crude oil price dropped 1.9% to US$55.69 a barrel and the Brent crude oil price fell 1.8% to US$62.50 a barrel.
Lendlease a buy.
The Lendlease Group (ASX: LLC) share price could be on the rise today after Goldman Sachs reiterated its conviction buy rating and lifted the price target on the company's shares to $19.22. Goldman made the move after Lendlease announced a major agreement with Google in the United States.
Gold price rises again.
Gold miners such as Newcrest Mining Limited (ASX: NCM) and Resolute Mining Limited (ASX: RSG) could push higher again on Friday after the gold price raced higher overnight. According to CNBC, the spot gold price rose 1.7% to US$1,447.60 an ounce after U.S. rate cut bets increased.
Unibail-Rodamco-Westfield dividend.
The Unibail-Rodamco-Westfield (ASX: URW) share price has been out of form in 2019. Much to the dismay of its shareholders, since this time last year the shopping centre operator's shares have fallen 31%. Shareholders have a small reason to smile this morning, as Unibail-Rodamco-Westfield will be paying out its 30.2 cents per share final dividend. This equates to a 3% dividend yield.
