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5 things to watch on the ASX 200 next week

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Last week the S&P/ASX 200 Index (ASX: XJO) had its strongest week in almost six months. The benchmark index rose a sizeable 5.4% over the five days to finish it at 6,102.2 points

Another busy one is expected next week, with plenty for investors to be watching out for.

Here are five things I’ll be watching:

ASX futures pointing lower.

The ASX 200’s winning streak looks set to be tested on Monday despite a positive finish to the week on Wall Street. According to the latest SPI futures, the benchmark index is expected to fall 5 points at the open on Monday. On Friday night the Dow Jones rose 0.6%, the S&P 500 climbed 0.9%, and the Nasdaq index stormed 1.4% higher. The latter could be good news for tech shares such as Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO).

Annual general meetings.

Another group of shares will be holding their annual general meetings next week and could provide updates at their events. One of note will be Cleanaway Waste Management Ltd (ASX: CWY) on Wednesday. At the event the waste management company’s under fire chief executive Vik Bansal will speak and shareholders will be voting on its remuneration report. Fund manager Perpetual Limited (ASX: PPT) is holding its meeting on Thursday.

Bank of Queensland results.

All eyes will be on the Bank of Queensland Limited (ASX: BOQ) share price on Wednesday when the regional bank releases its full year results. Last month the bank warned that its result would include loan impairment expense of $175 million (pre‐tax). This includes COVID‐19 related collective provision expense of $133 million. A note out of Goldman Sachs reveals that it expects Bank of Queensland to report a 34% decline in cash earnings to $210 million. It is also forecasting the payment of its deferred 10 cents per share interim dividend and a final 2 cents per share dividend.

BHP quarterly update.

The BHP Group Ltd (ASX: BHP) share price will also be one to watch on Wednesday when the mining giant releases its first quarter update. According to a note out of Goldman Sachs, it expects BHP to report Petroleum production of 26Mboe, Copper production of 365kt, and iron ore shipments of 71.5Mt. The latter represents a 7% quarter on quarter decline in shipments. Rival Rio Tinto Limited (ASX: RIO) is scheduled to release its quarterly update two days later on Friday.

Dividends.

The shares of dividend favourite Brickworks Limited (ASX: BKW) will be trading ex-dividend on Wednesday and could drop lower. The building products and investment company will be paying eligible shareholders its 39 cents per share fully franked dividend on 25 November. Before then, next week the likes of Chorus Ltd (ASX: CNU), Coca-Cola Amatil Ltd (ASX: CCL), Newcrest Mining Limited (ASX: NCM), and Orora Ltd (ASX: ORA) are scheduled to pay their respective dividends.

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Returns as of 6th October 2020

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 Xero. The Motley Fool Australia owns shares of and has recommended Brickworks. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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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