On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark fell 0.2% to 7,336.3 points.

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

ASX 200 expected to sink

The Australian share market looks set to fall again on Wednesday following a selloff on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 45 points or 0.6% lower this morning. In late trade on Wall Street, the Dow Jones is down 2%, the S&P 500 is down 2%, and the Nasdaq has sunk 2.3%. Higher trreasury yields and soft retail earnings have spooked investors.

Oil prices slide

ASX 200 energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a subdued days after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 0.3% to US$76.12 a barrel and the Brent crude oil price has fallen 1.4% to US$82.85 a barrel. Recession fears appear to be weighing on prices.

Santos full-year results

Santos Ltd (ASX: STO) is another energy share that will be on watch on Wednesday. That’s because this morning the company is releasing its full-year results and is expected to report a profit after tax of US$2.6 billion. Citi expects this to lead to a partially franked full year dividend of 30 cents per share.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a tough session after the gold price tumbled overnight. According to CNBC, the spot gold price is down 0.5% to US$1,841.5 an ounce. Rate hike concerns weghed on the precious metal.

Woolworths half-year results

The Woolworths Group Ltd (ASX: WOW) share price will be in focus today when the retail giant releases its half year results. According to a note out of Goldman Sachs, its analysts expect group sales growth of 3.5% but earnings before interest and tax (EBIT) growth of 12% on higher EBIT margins. The market is expecting a fully franked interim dividend of 43.9 cents per share.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• 3 ASX 200 stocks falling hard on results announcements
• Own Woodside shares? Here’s what the market is expecting from its full-year results
• 2 ASX 200 consumer shares tumbling lower on earnings updates

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.

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