On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.3% to 7,314.5 points.

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

ASX 200 expected to fall again

The Australian share market is expected to fall again on Thursday following a relatively poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 9 points or 0.1% lower this morning. In late trade in the United States, the Dow Jones is down 0.3%, the S&P 500 has fallen 0.25% and the NASDAQ is flat.

Rio Tinto full-year results

The Rio Tinto Ltd (ASX: RIO) share price will be one to watch on Thursday. That’s because the mining giant released its full-year results after the market close on Wednesday and reported a 13% decline in revenue to US$55,554 million and a 41% reduction in net profit after tax to US$12,420 million. This was short of expectations and may explain why its shares are down 3% on the NYSE.

Oil prices sink

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a tough session after oil prices sank on Wednesday night. According to Bloomberg, the WTI crude oil price is down 3.2% to US$73.95 a barrel and the Brent crude oil price is down 3% to US$80.58 a barrel. Traders were selling oil on demand concerns.

Qantas results

The Qantas Airways Limited (ASX: QAN) share price will be on watch when the airline operator releases its half-year results. The Flying Kangaroo has guided to an underlying profit before tax of $1.35 billion to $1.45 billion for the half. The company has also been tipped by Morgans to announce a $400 million share buy-back.

Gold price falls

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 0.4% to US$1,835.1 an ounce. The precious metal dropped in response to the release of US Federal Reserve minutes.

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

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More reading

• Rio Tinto share price on watch amid FY22 results
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• 3 reasons I prefer buying ASX shares over an investment property
• Why Origin, Santos, Service Stream, and WiseTech shares are racing higher
• The Santos dividend just rocketed by 78%. Here’s the lowdown

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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