5 things to watch on the ASX 200 on Friday

The ASX 200 is expected to end the week strongly…

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On Thursday the S&P/ASX 200 Index (ASX: XJO) was back on form and stormed higher. The benchmark index climbed 0.7% to 7,256.7 points.

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

ASX 200 expected to rise again

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 44 points or 0.6% higher. This follows a strong night of trade on Wall Street, which late on sees the Dow Jones up 1.15%, the S&P 500 1% higher, and the Nasdaq up 1.3%.

EML Payments’ Ireland update

The EML Payments Ltd (ASX: EML) share price will be on watch on Friday after releasing a regulatory update on its PFS Card Services (Ireland) business. EML said: “The nature of these potential directions are more limited than those originally foreshadowed by the CBI [Central Bank of Ireland] in May 2021. However, as presently framed, EML considers that the direction could materially impact the European operations of the Prepaid Financial Services (PFS) business.”

Oil prices rise

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a strong finish to the week after oil prices charged higher. According to Bloomberg, the WTI crude oil price is up 1.8% to US$78.84 a barrel and the Brent crude oil price is up 1.7% to US$82.50 a barrel.

Dividends being paid

It is payday for the shareholders of a number of popular ASX 200 shares. Among the shares paying dividends are Healius Ltd (ASX: HLS), Reliance Worldwide Corporation Ltd (ASX: RWC), WiseTech Global Ltd (ASX: WTC), and Woolworths Group Ltd (ASX: WOW).

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could end the week in the red after the gold price dropped. According to CNBC, the spot gold price is down 0.3% to US$1,755.50 an ounce. Improving investor sentiment is weighing on demand for the safe haven asset.

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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 EML Payments, Reliance Worldwide Corporation Limited, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended EML Payments and WiseTech Global. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited. 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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