5 things to watch on the ASX 200 on Wednesday

On Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) fought back from a sharp decline to finish the day higher by a massive 1.3%.

Will the market be able to make it three strong gains in a row on Wednesday? Here are five things to watch:

ASX futures pointing higher.

According to the latest SPI futures, the Australian share market is expected to open the day 5 points or 0.1% lower on Wednesday. This is despite a positive night of trade on Wall Street which saw the Dow Jones rise 1.8%, the S&P 500 climb 1.6%. and the Nasdaq push 1.6% higher.

ANZ Bank results.

Banking giant Australia and New Zealand Banking Group (ASX: ANZ) will release its full year results today. According to a note out of Goldman Sachs, it is expecting the bank to post a full year cash profit from continuing operations of $6,341 million versus the Bloomberg consensus estimate of $6,374 million. The broker agrees with the consensus estimate for its dividend and has predicted an 80 cents per share final dividend.

Corporate Travel Management due to return.

The shares of corporate travel specialist Corporate Travel Management Ltd (ASX: CTD) are expected to return to trade this morning with a response to the VGI Partners research report. The company is also holding its annual general meeting in Brisbane and could face the wrath of unhappy shareholders if its response doesn’t satisfy the market and prevent a significant share price decline.

Oil prices tumble.

Energy shares such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could come under pressure today after oil prices tumbled lower overnight. According to Bloomberg, the WTI crude oil price fell 1.3% to US$66.15 a barrel and the Brent crude oil price dropped 1.7% to US$76.05 a barrel. Oil prices tumbled due to concerns over rising supply and trade tensions.

Annual general meetings.

It isn’t just Corporate Travel Management holding its annual general meeting today. Struggling personal care products company BWX Ltd (ASX: BWX), electronic products manufacturer Codan Limited (ASX: CDA), and embattled aged care operator Japara Healthcare Ltd (ASX: JHC) are all scheduled to hold their respective events today.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited and Corporate Travel Management Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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