5 things to watch on the ASX 200 on Friday

Lendlease Group (ASX:LLC), Newcrest Mining Limited (ASX:NCM), Oil Search Limited (ASX:OSH) shares will be on watch on Friday on the ASX 200. Here's why…

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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.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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