5 things to watch on the ASX 200 on Wednesday

On Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) bounced back from Monday’s decline with a solid 1% gain to 5,875.2 points.

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

ASX futures pointing lower.

According to the latest SPI futures, the ASX 200 is expected to open the day lower on Wednesday. Futures contracts are pointing to a 12-points or 0.2% decline at the open. This follows a positive night of trade on Wall Street which has seen the Dow Jones rise 0.3%, the S&P 500 push 0.1% higher, and the Nasdaq climb 0.1% lower.

U.S. midterm elections.

Voting in the U.S. midterm elections is ongoing across the pond. Reuters has reported that the turnout could be the highest in 50 years as the Democrats and Republicans battle for control of the Senate. It estimates that at least 64 House of Representatives races remain competitive and Senate control was expected to come down to a half dozen close contests in Arizona, Nevada, Missouri, North Dakota, Indiana and Florida. The result may break while the ASX is open and could impact trade.

Commonwealth Bank AGM.

Banking giant Commonwealth Bank of Australia (ASX: CBA) will hold its annual general meeting in Brisbane today. Investors will be keeping their eyes peeled to see if the bank also provides an update on trading since the start of FY 2019.

Oil prices continue to slide.

Energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could come under pressure again on Wednesday after oil prices sank lower overnight. According to Bloomberg, the WTI crude oil price fell 1.6% to US$62.06 a barrel and the Brent crude oil price dropped 1.7% to US$71.91 a barrel.

Shares going ex-dividend.

The shares of building products company Brickworks Limited (ASX: BKW) and global medical device star ResMed Inc (ASX: RMD) are likely to trade lower today after going ex-dividend this morning. Brickworks’ fully franked 36 cents per share final dividend will then be paid to eligible shareholders on November 28. National Australia Bank Ltd (ASX: NAB) shares go ex-dividend tomorrow, which could lead to a spot of buying today.

If you're interested in dividends then don't miss out on this top dividend share that has been tipped for strong growth in FY 2019 and beyond.

The best dividend to buy in November named here

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. The Motley Fool Australia has recommended Brickworks and ResMed Inc. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!