5 things to watch on the ASX 200 on Thursday

Here's what to expect on the ASX 200 on Thursday…

Young man with a laptop in hand watching stocks and trends on a digital chart.

Image Source: Getty Images

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

sdf

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was back on form and pushed higher. The benchmark index rose 0.6% to 7,205.7 points.

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

ASX 200 to open deep in the red

The Australian share market looks set to give back all of yesterday's gains following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 74 points or 1% lower this morning. In late trade on Wall Street, the Dow Jones is down 0.9%, the S&P 500 has fallen 1.4%, and the Nasdaq has tumbled 1.8%. Developments in Ukraine are weighing on sentiment.

Rio Tinto full year results

The Rio Tinto Limited (ASX: RIO) share price will be one to watch this morning after the mining giant released a record-breaking full year result. Rio Tinto delivered underlying EBITDA of US$37,720 million, which is up 58% over the prior corresponding period but a touch lower than the Visible Alpha consensus estimate of US$38.5 billion. The miner is paying a total dividend of 1,040 US cents per share, including a 247 US cents per share special dividend.

Oil prices mixed

It could be a subdued day for energy shares including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) following a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is up 0.2% to US$92.10 a barrel and the Brent crude oil price is down slightly to US$96.83 a barrel.

Appen full year update

The Appen Ltd (ASX: APX) share price could be one to watch closely today. This morning the artificial intelligence data services company is releasing its highly anticipated full year results. There are concerns that demand from its biggest customers, such as Facebook, could be falling sharply

Gold price edges higher

It could be a decent day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price edged higher. According to CNBC, the spot gold price is up 0.1% to US$1,909.4 an ounce. Rising Russia-Ukraine tensions boosted the safe haven asset.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd. The Motley Fool Australia owns and has recommended Appen Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Unsure man analysing data on laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing end to a disappointing week for investors this Friday.

Read more »

Six smiling office colleagues stand in a row and look at the camera.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why ANZ, Clarity, IGO, and Pilbara Minerals shares are dropping today

These shares are ending the week in the red. But why?

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Betr, Centuria Capital, GR Engineering, and Mach7 shares are pushing higher

These shares are having a good finish to the week. But why?

Read more »

woman holding 'hiring' sign in shop
Broker Notes

How much upside does Macquarie tip for Seek shares?

The broker recently reviewed Australian job ad volumes for May.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Broker Notes

Macquarie tips 50% return for this cheap ASX All Ords stock

Let's see which stock the broker is feeling bullish about this week.

Read more »

A woman sits at her home computer with baby on her lap, and the winning ticket in her hand.
Consumer Staples & Discretionary Shares

How much upside does Macquarie expect for Lottery Corporation shares?

This ASX 200 stock has proven resilient through various economic conditions.

Read more »

ASX 200 retail shares a woman smiles over the top of multiple shopping bags she is holding in both hands up near her face.
Opinions

Up 90% in a year, is it too late to buy Zip shares?

Should investors buy this stock now or wait until later?

Read more »