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5 things to watch on the ASX 200 on Thursday

On Wednesday the S&P/ASX 200 index followed the lead of U.S. markets and tumbled lower. The benchmark index fell 0.7% to end it at 6,546.7 points.

Will the local share market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to rebound.      

The S&P/ASX 200 index looks set to rebound on Thursday following a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open 43 points or 0.65% higher this morning. On Wall Street the Dow Jones rose 0.7%, the S&P 500 climbed 0.9%, and the Nasdaq stormed 1% after positive trade war developments.

Oil prices lower.

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could be on the slide today after oil prices edged lower. According to Bloomberg, the WTI crude oil price dropped 0.15% to US$52.55 a barrel and the Brent crude oil price fell 0.1% to US$58.20 a barrel.

Gold price pushes higher.

It looks set to be a positive day of trade for gold miners such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) after the spot gold price pushed higher. According to CNBC, the spot gold price rose 0.5% to US$1,511.1 an ounce.

Harvey Norman goes ex-dividend.

The Harvey Norman Holdings Limited (ASX: HVN) share price is scheduled to trade ex-dividend this morning and could trade notably lower. The retailer will be paying a 21 cents per share fully franked dividend to eligible shareholders on November 1, which equates to a yield of ~4.5% based on its last close price.

Brambles AGM and Q1 update.

The Brambles Limited (ASX: BXB) share price could be on the move today when it holds its annual general meeting in Sydney. Traditionally, the supply chain logistics company also releases its first quarter update on the same day.

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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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