The Motley Fool

5 things to watch on the ASX 200 on Thursday

On Wednesday the S&P/ASX 200 index continued its positive run and charged higher again. The benchmark index finished the day 1.3% higher at 6,736.5 points.

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

ASX 200 expected to fall.       

The S&P/ASX 200 index looks set to slide lower following a soft night of trade on global markets. According to the latest SPI futures, the ASX 200 is poised to drop 0.1% or 8 points at the open. Over on Wall Street the Dow Jones fell 0.1%, the S&P 500 dropped 0.2%, and the Nasdaq sank 0.3% lower.

BHP update.

All eyes will be on the BHP Group Ltd (ASX: BHP) share price today when the mining giant releases its first quarter update. According to a note out of Goldman Sachs, it is expecting BHP to report WAIO iron ore production of 68.4Mt and copper production of 426kt.

Oil prices push higher.

Beach Energy Ltd (ASX: BPT), Woodside Petroleum Limited (ASX: WPL), and the rest of Australia’s energy producers will be on watch today after oil prices pushed higher. According to Bloomberg, the WTI crude oil price climbed 0.9% to US$53.30 a barrel and the Brent crude oil price rose 1% to US$59.33 a barrel.

Gold price rises.

It looks set to be a better day of trade for gold miners such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) after the spot gold price rebounded overnight. According to CNBC, the spot gold price jumped 0.7% to US$1,493.9 an ounce.

Bank of Queensland result.

The Bank of Queensland Limited (ASX: BOQ) share price will be on watch today when it releases its full year results. Based on the Bloomberg consensus estimate, the market is expecting the regional bank to post cash earnings of $330 million. This will be an 11% decline on the prior corresponding period. A 34 cents per share fully franked dividend is expected to be declared.

Dividends to beat the rate cuts.

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except these top dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. Each of these three companies boasts fully franked yields and could be a great fit for your diversified portfolio. You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.