5 things to watch on the ASX 200 on Wednesday

A good session is expected for Aussie investors today after the Nasdaq rebounded.

Smiling man with phone in wheelchair watching stocks and trends on computer

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 Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a subdued session and edged into the red. The benchmark index fell 0.1% to 8,399.1 points.

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

ASX 200 expected to rise

The Australian share market looks set to rise on Wednesday following a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 18 points or 0.2% higher this morning. In late trade in the United States, the Dow Jones is up 0.25%, the S&P 500 is up 0.85%, and the Nasdaq is 1.8% higher.

Buy CSL shares

CSL Ltd (ASX: CSL) shares are a buy according to analysts at Goldman Sachs. The broker highlights that the Australian TGA has approved the registration of its garadacimab therapy for routine prevention of recurrent hereditary angiodema (HAE) attacks. Goldman believes FDA an EU approvals will be coming in the near future, which will be a boost to its top line. It said: "The introduction of garadacimab provides the opportunity to regain some share and grow the prophylactic HAE market, given its more convenient dosing schedule (once monthly). Our CSL HAE revenue growth forecast of 25% FY25-FY28 CAGR reflects ~27% market share by the end of this period." Goldman has reaffirmed its buy rating and $325.40 price target on CSL's shares.

Oil prices rise

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a decent session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 0.7% to US$73.65 a barrel and the Brent crude oil price is up 0.4% to US$77.37 a barrel. Traders were buying oil amid Libyan supply disruption concerns.

Gold price higher

It could be a good session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price pushed higher overnight. According to CNBC, the gold futures price is up 1.2% to US$2,771.6 an ounce. Tariff uncertainties gave the precious metal a boost.

Pilbara Minerals update

Pilbara Minerals Ltd (ASX: PLS) shares will be on watch on Wednesday when the lithium giant releases its second quarter update. The consensus estimate is for spodumene production of 181kt, down from 220kt on the first quarter. This is expected to lead to a fall in sales volumes to 183kt at a slightly softer realised spodumene price of US$668 per tonne. Cash costs are forecast to rise 5.2% to US$505 per tonne.

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Goldman Sachs Group. The Motley Fool Australia has recommended CSL. 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

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Share Gainers

Here are the top 10 ASX 200 shares today

After shooting higher this morning, the ASX 200 had broken a few hearts by market close.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Best Shares

6 ASX 200 shares that could benefit from a weak Australia Dollar

This expert reckons a low dollar is unearthing opportunities.

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Market News

Why Audinate, Lynas, Nine, and Xref shares are falling today

These shares are heading lower as the market climbs on Tuesday. But why?

Read more »

Two friends giving each other a high five at the top pf a hill.
52-Week Highs

These 6 ASX 200 stocks just hit new 52-week highs

Do you own any of these booming stocks?

Read more »

Beautiful young woman drinking fresh orange juice in kitchen.
Share Gainers

Why Appen, Nufarm, Pro Medicus, and WA1 shares are rising today

These shares are having a good session on Tuesday. But why?

Read more »

Male and female workers at a steel factory.
Opinions

2 ASX 200 shares that could soar while Donald Trump is US President

These stocks may have a positive future.

Read more »

A man in a suit face palms at the downturn happening with shares today.
Mergers & Acquisitions

Guess which $8 billion ASX 200 stock just failed with a takeover bid

It has been an embarrassing outcome for the blue chip stock.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Opinions

Prediction: These ASX 200 shares could be among 2025's big winners

These businesses have compelling tailwinds in 2025 and beyond.

Read more »