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5 things to watch on the ASX 200 on Friday

On Thursday the S&P/ASX 200 index ended its positive run with a sizeable decline. The benchmark index sank 0.8% to 6,684.7 points.

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

ASX 200 expected to slide. 

The S&P/ASX 200 index looks set to end the week on a disappointing note despite a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to drop 17 points or 0.25% at the open. On Wall Street the Dow Jones rose 0.1%%, the S&P 500 climbed 0.3%, and the Nasdaq pushed 0.4% higher.

Oil prices climb higher.

Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could end the week on a high after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price rose 1.3% to US$54.07 a barrel and the Brent crude oil price climbed 0.9% to US$59.94 a barrel. This was driven largely by a weaker U.S. dollar.

Gold price edges higher.

It looks set to be a mildly positive day of trade for gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) after the spot gold price edged higher overnight. According to CNBC, the spot gold price is up 0.15% to US$1,495.80 an ounce.

CBA outage.

The Commonwealth Bank of Australia (ASX: CBA) share price will be on watch after the banking giant’s network suffered from a major outage. An unknown computer issue has impacted some of its services, including BPAY, its online payment platform Netbank, and the CommBank app.

Dividends being paid.

A number of popular shares are scheduled to pay their latest dividends later today. This includes 4×4 accessories manufacturer ARB Corporation Limited (ASX: ARB), investment platform provider HUB24 Ltd (ASX: HUB), and scrap metal company Sims Metal Management Ltd (ASX: SGM).

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Hub24 Ltd. The Motley Fool Australia has recommended ARB Limited and Hub24 Ltd. 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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