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5 things to watch on the ASX 200 on Wednesday

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a subdued session and recorded a small decline. The benchmark index fell 0.2% to 8,680.5 points.

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

ASX 200 to rise

The Australian share market looks set to rise on Wednesday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 38 points or 0.45% higher. In the United States, the Dow Jones rose 0.75%, the S&P 500 climbed 0.8%, and the Nasdaq jumped 1%. This took the S&P 500 index to a record high close.

Oil prices fall

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor session after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 3.55% to US$102.63 a barrel and the Brent crude oil price is down 3.75% to US$110.14 a barrel. Traders were selling oil after the US-Iran ceasefire remained in place despite rising tensions.

Computershare shares on watch

Computershare Ltd (ASX: CPU) shares will be on watch on Wednesday after the share registry company released a second-half trading update. The company revealed that it is performing in-line with its guidance for FY 2026. As a result, it has reaffirmed its upgraded guidance for management earnings per share to be around 144 cents per share. This will be up around 6% on the prior corresponding period.

Gold price rises

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good session on Wednesday after the gold price pushed higher overnight. According to CNBC, the gold futures price is up 0.7% to US$4,566.7 an ounce. The gold price rebounded from a one-month low after oil prices pulled back.

Buy WiseTech shares

Bell Potter is tipping WiseTech Global Ltd (ASX: WTC) shares as a buy this week. According to the note, the broker has retained its buy rating and $78.75 price target on the logistics solutions technology company’s shares. It said: “We note our FY27 revenue and EBITDA forecasts of US$1,567m and US$728m imply an EBITDA margin of 46.5% which in our view could be conservative given the underlying guidance for FY26 is b/w 41-46% and the exit margin is likely to be towards the top end of this range.”

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

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