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5 things to watch on the ASX 200 on Wednesday

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).

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Limited and Domino's Pizza Enterprises Limited. 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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