On Thursday the S&P/ASX 200 index had a day to forget and crashed a very disappointing 2.2% to 6,493 points.
Will the local share market be able to bounce back from this on Friday and finish the week on a high? Here are five things to watch:
ASX 200 expected to rebound.
The Australian share market looks set to rebound from yesterday's selloff after a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to climb 33 points or 0.5% at the open. In the United States the Dow Jones climbed 0.5%, the S&P 500 rose 0.8%, and the Nasdaq stormed 1.1% higher.
Oil prices slide.
Australian energy producers including Beach Energy Ltd (ASX: BPT) and Oil Search Limited (ASX: OSH) will be on watch today after oil prices continued to slide. According to Bloomberg, the WTI crude oil price fell 0.6% to US$52.32 a barrel and the Brent crude oil price dropped 0.1% to US$57.65 a barrel.
Gold price higher.
It could be another positive day for the likes of Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) after the gold price pushed higher again. According to CNBC, the spot gold price rose 0.2% to US$1,511 an ounce overnight.
Tech shares could rise.
It looks set to be a positive finish to the week for Australian tech shares such as Altium Limited (ASX: ALU) and WiseTech Global Ltd (ASX: WTC) after their U.S. counterparts raced higher overnight. The technology-focused Nasdaq index rebounded from Wednesday's sell off and rose 1.1%.
Dividends being paid.
A number of popular income shares will be rewarding their shareholders with their latest dividends today. These include fuel retailer Caltex Australia Limited (ASX: CTX), casino and resorts operator Crown Resorts Ltd (ASX: CWN), funeral company InvoCare Limited (ASX: IVC), and insurance giant QBE Insurance Group Ltd (ASX: QBE).
