On Thursday the S&P/ASX 200 index fought back from a morning in the red to finish the day 0.75% higher at 6,568.1 points.
Will the Australian share market be able to build on this on Friday and finish on a high? Here are five things to watch:
ASX 200 expected to push higher.
The S&P/ASX 200 index looks set to continue its recovery on Friday after a very positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 index is poised to open the day 26 points or 0.4% higher this morning. On Wall Street the Dow Jones climbed 1.4%, the S&P 500 index rose 1.9%, and the Nasdaq raced 2.2% higher.
REA Group results.
All eyes will be on the REA Group Limited (ASX: REA) share price this morning when the property listings company releases its full year results. The market is expecting a reasonably weak finish to FY 2019, so its guidance for the year ahead will be the main item under scrutiny.
Oil prices rebound.
It looks set to be a better day of trade for energy producers such as Beach Energy Ltd (ASX: BPT) and Oil Search Limited (ASX: OSH). Overnight oil prices rebounded from Thursday's sell off thanks to a firmer Chinese yuan and expectations of further cuts by OPEC. According to Bloomberg, the WTI crude oil price has climbed 3.5% to US$52.87 a barrel and the Brent crude oil price has risen 2.7% to US$57.73 a barrel.
Tech share to rise.
Appen Ltd (ASX: APX), WiseTech Global Ltd (ASX: WTC), and the rest of the Australian tech sector could be on the rise today after their U.S. counterparts stormed higher overnight. The technology-focused Nasdaq index finished the day 2.2% higher after investor sentiment improved.
Gold price edges lower.
The impressive runs being made by the shares of gold miners such as Newcrest Mining Limited (ASX: NCM) and Resolute Mining Limited (ASX: RSG) could run out of steam today after improving investor sentiment led to the gold price edging lower. According to CNBC, the spot gold price is down 0.25% to US$1,515.70 an ounce.
