On Thursday, the S&P/ASX 200 Index (ASX: XJO) was back on form and raced higher. The benchmark index rose 1.25% to 8,552.7 points.
Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:
ASX 200 expected to sink
The Australian share market looks set to give back yesterday’s gains on Friday following a poor night in the United States. According to the latest SPI futures, the ASX 200 is expected to open 134 points or 1.55% lower this morning. In late trade on Wall Street, the Dow Jones is down 0.45%, the S&P 500 is 1% lower, and the Nasdaq is tumbling 1.5%.
Oil prices fall
It could be a poor finish to the week for ASX 200 energy shares such as Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) after oil prices pulled back overnight. According to Bloomberg, the WTI crude oil price is down 0.5% to US$59.14 a barrel and the Brent crude oil price is down 0.4% to US$63.27 a barrel. Ukraine-Russia peace talks appear to be behind this.
Annual general meetings
The annual general meetings continue on Friday with another group of ASX 200 shares holdings their events for 2025. This includes fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV), logistics solutions technology company WiseTech Global Ltd (ASX: WTC), and gold miner Regis Resources Ltd (ASX: RRL). It is possible that trading updates could be released before they hold their respective events.
Gold price falls
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a subdued finish to the week after the gold price fell overnight. According to CNBC, the gold futures price is down 0.35% to US$4,069 an ounce. The was driven by strong US economic data, which has reduced the likelihood of a rate cut next month.
Hold QBE shares
QBE Insurance Group Ltd (ASX: QBE) shares are fairly valued according to analysts at Bell Potter. This morning, the broker has retained its hold rating and $21.20 price target on this insurance giant’s shares. It said: “We have not changed our assumptions and any change to our forecasts is driven by changing fx rates (we use spot rates as a forecast). We will review our forecasts post the Q3 update, noting the upside with the shares below $20/sh. For now, we maintain our target price at $21.20/sh and keep our HOLD recommendation.”
The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.
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More reading
- 3 ASX shares I’d buy with $20,000 today
- Here are the top 10 ASX 200 shares today
- What I’d buy if I had to invest $20,000 in ASX 200 shares before the weekend
- Wisetech share price a ‘highly attractive opportunity’ after sell-off: fundie
- Charter Hall upgrades FY26 earnings guidance amid strong property momentum
Motley Fool contributor James Mickleboro has positions in Lovisa and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Lovisa. 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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