On Thursday the S&P/ASX 200 index continued its positive run and climbed a further 0.25% to 6,654.9 points.
Will the local share market be able to build on this on Friday? Here are five things to watch:
ASX 200 expected to rise.
The Australian share market looks set to finish the week on a high thanks to a positive night of trade in the United States. According to the latest SPI futures, the ASX 200 index is expected to open the day 25 points or 0.4% higher this morning. On Wall Street the Dow Jones rose 0.2%, the S&P 500 pushed 0.3% higher, and the Nasdaq climbed 0.3% higher after trade tariffs were delayed.
Oil prices drop lower.
Energy shares Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could finish the week in the red after oil prices continued their slide. According to Bloomberg, the WTI crude oil price dropped 1.2% to US$55.10 a barrel and the Brent crude oil price fell 0.7% to US$60.41 a barrel.
Gold price edges higher.
Gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could be on the rise today after the gold price pushed higher again. According to CNBC, the spot gold price pushed 0.2% higher to US$1,506.50 an ounce. The gold price has been recovering this week after President Trump called for more rate cuts.
Shares trade ex-dividend.
More popular shares are due to trade ex-dividend this morning and could edge lower. These include shipbuilder Austal Limited (ASX: ASB) and diversified operating and investment group Seven Group Holdings Ltd (ASX: SVW). Their dividends will be paid to eligible shareholders on October 15 and October 11, respectively.
James Hardie update.
The James Hardie Industries plc (ASX: JHX) share price will be on watch on Friday following the release of an update after the market close yesterday. Management reaffirmed its guidance for growth above market of 3-5% and an EBIT margin of 20-25% this year. The building products company’s US-listed shares rose 2% overnight.
Blue chips rated as buys.
If you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – these blue chip shares could be the ones to buy. Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend... While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...
Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.
You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!
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.