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5 things to watch on the ASX 200 on Friday

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.

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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.

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