5 things to watch on the ASX 200 on Friday

It looks set to be a busy end to an even busier week…

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On Thursday the S&P/ASX 200 Index (ASX: XJO) continued its poor run and tumbled lower. The benchmark index fell 0.5% to end the day at 7,464.6 points.

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

ASX 200 expected to rebound

The Australian share market looks set to end the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 39 points or 0.5% higher. This follows a mixed night on Wall Street, which saw the Dow Jones fall 0.2%, the S&P 500 climb 0.1%, and the Nasdaq rise 0.1%.

Cochlear full year results

The Cochlear Limited (ASX: COH) share price will be one to watch today when it hands in its full year results. According to CommSec, the market is expecting the hearing solutions company to report a full year net profit after tax of $245.5 million. A dividend of $1.28 per share is also expected to be declared.

Oil prices fall

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week in the red after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 2.1% to US$64.08 a barrel and the Brent crude oil price is down 1.9% to US$66.91 a barrel. This was the sixth day of declines in a row amid fears of slowing global economic growth.

Sydney Airport results

The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price could be on the move today when it releases its half year results. Due to the negative impact of COVID-19, the airport operator is expected to post a sizeable loss. According to CommSec, the analyst consensus estimate is a loss of $225 million for the half.

Gold price edges lower

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price edged lower. According to CNBC, the spot gold price is down 0.1% to US$1,783.10 an ounce. The price of the precious metal slipped after the US dollar strengthened.

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Motley Fool contributor 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 and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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