5 things to watch on the ASX 200 on Wednesday

A great session is expected for Aussie investors today.

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) started the shortened week with a small decline. The benchmark index edged slightly lower to 7,816.7 points.

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

ASX 200 expected to jump

The Australian share market looks set for a strong session on Wednesday following a great night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 100 points or 1.3% higher this morning. In the United States, the Dow Jones was up 2.65%, the S&P 500 rose 2.5%, and the Nasdaq charged 2.7% higher.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a decent session after a good night for oil prices. According to Bloomberg, the WTI crude oil price is up 1.9% to US$64.20 a barrel and the Brent crude oil price is up 1.6% to US$67.32 a barrel. New Iranian sanctions boosted prices.

Telix update

Telix Pharmaceuticals Ltd (ASX: TLX) shares will be on watch today after the biotechnology company released its first quarter update. Telix reported unaudited revenue of approximately US$186 million. This represents an increase of 62% over the prior year corresponding quarter and a quarter over quarter increase of 31%. Looking ahead, management has reaffirmed its full year revenue guidance of US$770 million to US$800 million.

Gold price falls

It could be a subdued session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price fell overnight. According to CNBC, the gold futures price is down 1% to US$3,392 an ounce. Easing US-China trade tensions reduced demand for safe haven assets.

Woolworths pay day

Today is pay day for owners of Woolworths Group Ltd (ASX: WOW) shares. This morning, the supermarket giant is scheduled to reward its shareholders with its fully franked interim dividend of 39 cents per share. Also sending its shareholders a pay check today is travel company Kelsian Group Ltd (ASX: KLS), which will be paying out a fully franked 8 cents per share dividend.

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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