5 things to watch on the ASX 200 on Thursday

It looks set to be a tough day of trade for the ASX 200 index.

A female stockbroker reviews share price performance in her office with the city shown in the background through her windows

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

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) ran out of steam and dropped into the red. The benchmark fell 0.35% to 7,253.2 points.

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

ASX 200 expected to fall

The Australian share market is expected to have another poor session on Thursday after a disappointing night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 35 points or 0.5% lower this morning. In the United States, the Dow Jones fell 0.4%, the S&P 500 dropped 0.2% and the NASDAQ tumbled 0.2%.

Nufarm rated as a buy

Bell Potter says that Nufarm Ltd (ASX: NUF) shares are great value at the current level. This morning, the broker retained its buy rating with a trimmed price target of $7.20. This implies almost 40% upside from current levels. It commented: "We can see a pathway to NUF reaching its FY26e revenue targets through the omega3 and carinata opportunities and continued over indexing in ag-chem"

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session after oil prices rose on Wednesday night. According to Bloomberg, the WTI crude oil price is up 3% to US$71.92 a barrel and the Brent crude oil price is up 0.5% to US$76.65 a barrel. Strong holiday demand in the US boosted prices.

Mining giants fall

It looks like it could be a poor session for mining giants BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) on Thursday despite a modest 0.7% rise in the benchmark iron ore price to US$109.55 a tonne. That's because, on Wall Street, their US-listed shares dropped almost 2.5% and 1.5%, respectively.

Gold price lower

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued session after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.3% to US$1,923.8 an ounce. This follows a rise in the US dollar and bond yields after the US Fed meeting minutes were released.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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

Unsure man analysing data on laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough start to the week this Monday.

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Broker Notes

Guess which popular ASX 200 stock Bell Potter just downgraded

Let's see what the broker is saying on this blue chip.

Read more »

Crude oil barrels rocketing.
ETFs

Why did the BetaShares Crude Oil ETF just spike 4%?

This ETF is attracting buyers in today's seller's market.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Share Gainers

Why BWP, Metcash, Resolute Mining, and SHAPE shares are pushing higher today

These shares are starting the week on a positive note. But why?

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 Adairs, ANZ, Aurelia Metals, and Pilbara Minerals shares are falling today

These shares are having a tough start to the week in the red. But why?

Read more »

Miner standing in a mine site with his arms crossed.
Broker Notes

Up 41% in 2025, does Macquarie think Lynas Rare Earths shares have peaked?

The company is up nearly 400% in 5 years.

Read more »

A financial expert or broker looks worried as he checks out a graph showing market volatility.
Share Market News

How far could equity markets fall following the US' attack on Iran?

If oil prices rise, it could be bad news for investors.

Read more »