On Tuesday the S&P/ASX 200 index continues its positive form and charged higher again. The benchmark index rose 0.45% higher to 6,593.4 points.
Will the local share market be able to build on this on Wednesday? Here are five things to watch:
ASX 200 expected to fall.
The S&P/ASX 200 index looks set to sink lower this morning following a bleak night of trade on Wall Street. According to the latest SPI futures, the benchmark index is expected to fall 64 points or 1% at the open. On Wall Street the Dow Jones fell 1.2%, the S&P 500 dropped 1.55%, and the Nasdaq tumbled 1.7%. Trade war concerns weighed on U.S. markets.
Oil prices decline.
Australian energy shares including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) will be on watch today after oil prices dropped lower overnight. According to Bloomberg, the WTI crude oil price fell 0.9% to US$52.26 a barrel and the Brent crude oil price dropped 0.75% to US$57.91 a barrel.
Gold price jumps.
Gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could be on the rise today after the spot gold price surged higher. According to CNBC, the spot gold price climbed 0.45% to US$1,511.3 an ounce after the U.S. share market wobbled.
Domino's on watch.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price will be on watch today after its U.S. parent Domino's Pizza Inc released its quarterly update. Overnight the pizza chain giant delivered a quarterly update which fell short of the market's expectations. According to the release, its international same-store sales grew 1.7%, compared to the consensus estimate of 2.86%.
Dividends being paid.
A number of popular shares are scheduled to pay their dividends later today. These include auto listings company Carsales.Com Ltd (ASX: CAR), beverage giant Coca-Cola Amatil Ltd (ASX: CCL), poultry producer Inghams Group Ltd (ASX: ING), and conglomerate Wesfarmers Ltd (ASX: WES).
