MENU

5 things to watch on the ASX 200 on Wednesday

On Tuesday the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week on a disappointing note. It finished the day 0.5% lower at 5,874.2 points due largely to declines in the banking sector from Commonwealth Bank of Australia (ASX: CBA) and the rest of the big four.

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

ASX futures pointing higher.

The Australian share market is expected to rebound on Wednesday with SPI futures currently pointing to a gain of 0.5% or 29 points at the open. This follows a reasonably mixed night of trade on Wall Street overnight. Late in the session the Dow Jones is up 0.25%, the S&P 500 is down 0.1%, and the Nasdaq has fallen almost 0.7%.

BHP special dividend.

Eligible shareholders of BHP Group Ltd (ASX: BHP) will be paid its special US$1.02 per share dividend today. The mining giant will pay its shareholders a massive US$5.2 billion, bringing its total cash returned to shareholders to US$21 billion over the last two years. A good portion of these funds could find their way back into the market this week.

GUD results.

The GUD Holdings Limited (ASX: GUD) share price will be on watch today when the retail conglomerate releases its interim results. In FY 2018 GUD posted underlying net profit after tax from continuing operations of $55.2 million, up 20% on the prior year. Management provided no specific guidance for FY 2019 but advised that its expects further improvement in its financial performance.

Oil prices rebound.

Energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) started the week in the red on Tuesday after oil prices crumbled. The good news for these companies is that oil prices rebounded overnight after President Trump slapped a de facto oil ban on Venezuela. According to Bloomberg, the WTI crude oil price is up 2.2% to US$53.16 a barrel and the Brent crude oil price climbed 2.3% to US$61.30 a barrel.

Inflation data.

The Australian dollar will be on watch today when inflation data for the December quarter is released. Inflation is widely expected to fall well short of the RBA’s target range largely because of the sudden and sharp drop in petrol prices. Economists have predicted CPI of 1.7%.

Missed the BHP dividend? Then don't miss out on these dividends.

NEW! Best Dividend To Buy in February

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now