MENU

5 things to watch on the ASX 200 on Wednesday

On Tuesday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) gave back its strong morning gains to finish the day 5 points lower at 6,174.8 points.

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

ASX futures pointing lower.

The Australian share market looks set to continue its slide on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day lower by 10 points or 0.15%. This follows a mixed night of trade on Wall Street which late in the session sees the Dow Jones down 0.4%, the S&P 500 up 0.25%, and the Nasdaq higher by 0.35%.

Oil prices edge higher.

Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) shares could be on the rise on Wednesday after oil prices edged higher. According to Bloomberg, the WTI crude oil price has risen 0.2% to US$56.92 a barrel and the Brent crude oil price is up 0.2% to US$66.69 a barrel.

QANTM responds to IPH approach for Xenith IP.

The IPH Ltd (ASX: IPH) share price will be on watch today after QANTM Intellectual Property Ltd (ASX: QIP) responded to its acquisition approach for Xenith IP Group Ltd (ASX: XIP). QANTM IP had been hoping to merge with Xenith IP, but IPH threw a spanner into the works with its offer. However, QANTM IP has pointed out that IPH’s claim that its offer was 23.3% greater than the implied merger consideration was misleading. Based on QANTM IP’s share price on March 11, the consideration was actually $2.03, compared to IPH’s $1.97 offer.

Shares going ex-dividend.

Another group of shares will trade ex-dividend this morning for their latest payouts. This includes horticulture company Costa Group Holdings Ltd (ASX: CGC), biotherapeutics company CSL Limited (ASX: CSL), poultry producer Inghams Group Ltd (ASX: ING), and gold miner Northern Star Resources Ltd (ASX: NST).

Gold price higher.

The Newcrest Mining Limited (ASX: NCM) share price could bounce back from its recent declines after the gold price pushed higher during overnight trade. According to CNBC, the precious metal has risen 0.9% to US$1,301.50 an ounce. This was driven by the weakening of the U.S. dollar after British PM Theresa May had her Brexit plan rejected by MPs again.

NEW! Analyst Names 3 Dividend Picks for March

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 owns shares of and has recommended COSTA GRP FPO and IPH Ltd. 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…

Including:

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!