5 things to watch on the ASX 200 on Wednesday

Boral Limited (ASX:BLD), Corporate Travel Management Ltd (ASX:CTD), and Northern Star Resources Ltd (ASX:NST) shares will be on watch on the ASX 200 on Wednesday…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

On Tuesday the S&P/ASX 200 index continued its positive run with another small gain. The benchmark index finished the day 0.15% higher at 6,697.1 points.

Will the local share market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 poised to rise again.         

The S&P/ASX 200 index looks set to push higher again on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open 20 points or 0.3% higher this morning. This follows a mixed night of trade on Wall Street which saw the Dow Jones climb 0.3%, the S&P 500 trade flat, and the Nasdaq edge 0.1% higher.

Oil prices jump.

Energy shares such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could be on the rise after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price rose 1.25% higher to US$57.24 a barrel and the Brent crude oil price pushed 1.35% higher to US$62.97 a barrel. Trade optimism and an improved demand outlook were behind these gains.

Gold price sinks.

Australia's leading gold miners including Northern Star Resources Ltd (ASX: NST) and Resolute Mining Limited (ASX: RSG) could come under pressure today after the gold price sank lower. According to CNBC, the spot gold price fell 1.7% to US$1,485.50 an ounce following further improvement in risk appetite.

Annual general meetings.

Another group of popular companies will be holding their annual general meetings today and could provide trading updates. This includes building products company Boral Limited (ASX: BLD), travel company Corporate Travel Management Ltd (ASX: CTD), and aged care provider Estia Health Ltd (ASX: EHE).

Shares going ex-dividend.

A number of shares are trading ex-dividend this morning and could drop lower. This includes regional bank Bank of Queensland Limited (ASX: BOQ), conglomerate Brickworks Limited (ASX: BKW), and sleep treatment specialist ResMed Inc. (ASX: RMD).

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Brickworks and ResMed Inc. 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.

More on Share Market News

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
Share Gainers

Why Bowen Coal, Droneshield, Mesoblast, and St Barbara shares are racing higher today

These shares are ending the week positively. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Cettire, Digico, KMD, and WiseTech shares are falling today

These shares are out of form on Friday. But why?

Read more »

Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys right now.

Read more »

Broker Notes

Brokers say these ASX growth stocks are top buys

Analysts have good things to say about these shares this month.

Read more »

Share Market News

Bell Potter names 2 of the best ASX 300 stocks to buy in 2025

These could be best buys next year according to the broker.

Read more »

A man looking at his laptop and thinking.
Share Market News

5 things to watch on the ASX 200 on Friday

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) went into the Christmas break with a small gain. The benchmark index rose 0.25%…

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Broker Notes

Invest $1,000 into Pilbara Minerals and these ASX 200 stocks

Analysts have named these shares as top picks for a $1,000 investment. Let's see why.

Read more »

Happy young couple saving money in piggy bank.
Opinions

Want to start investing in ASX shares? Here's what I'd buy

This is where I’d begin to put my money in the stock market.

Read more »