5 things to watch on the ASX 200 on Thursday

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had another disappointing day. The benchmark index fell 0.5% to 6,462 points.

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

ASX 200 expected to rebound

The Australian share market looks set to rise strongly on Thursday after a big rebound on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 113 points or 1.75% higher this morning. On Wall Street, the Dow Jones rose 1.9%, the S&P 500 climbed 2% and the NASDAQ pushed 2.05% higher.

Premier Investments results

The Premier Investments Limited (ASX: PMV) share price will be on watch when the retail conglomerate releases its full year results. According to a note out of Goldman Sachs, its analysts are expecting the Smiggle owner to report revenue of $1,416 million and EBITDA of $480.4 million. Over at UBS, it is forecasting sales of $1.4 billion and a net profit of $235 million. The latter will be down 13% year over year.

Oil prices jump

Energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a great day after oil prices raced higher on Wednesday night. According to Bloomberg, the WTI crude oil price is up 4.5% to US$82.06 a barrel and the Brent crude oil price is up 3.3% to US$89.13 a barrel. A surprise decline in US crude and fuel reserves boosted prices.

Shares going ex-dividend

A large group of shares will be going ex-dividend on Thursday and could trade lower. This includes property companies Arena REIT (ASX: ARF), Centuria Industrial REIT (ASX: CIP), and Charter Hall Social Infrastructure REIT (ASX: CQE). In addition, administration services Link Administration Holdings Ltd (ASX: LNK) will trade ex-dividend for its special dividend this morning.

Gold price races higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a very good day after the gold price raced higher overnight. According to CNBC, the spot gold price is up 2% to US$1,669.10 an ounce. A softer US dollar gave the gold price a lift.

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

• Why is the Santos share price all over the pitch on Wednesday?
• Could this be pumping ASX 200 energy shares higher on Wednesday?
• Why is the Woodside share price beating the ASX 200 on Wednesday?
• Here are 5 ASX 200 shares turning ex-dividend tomorrow
• 5 things to watch on the ASX 200 on Wednesday

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 positions in and has recommended Link Administration Holdings Ltd. The Motley Fool Australia has recommended Premier Investments Limited. 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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