5 things to watch on the ASX 200 on Friday

The ASX 200 is expected to end the week on a positive note…

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On Thursday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red again. The benchmark index fell 0.6% to 7,442.8 points.

Will the market be able to bounce back from this on Friday and end the week on a high? 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 following a solid night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 39 points or 0.5% higher this morning. In the US, the Dow Jones rose 0.25%, the S&P 500 was up 0.4%, and the Nasdaq edged ever so slightly higher.

Oil prices rise

Energy producers including Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a decent finish to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.75% to US$96.98 a barrel and the Brent crude oil price is up 0.3% to US$101.34 a barrel. Further sanctions on Russian oil boosted prices.

Iron ore price falls

BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shares could have a subdued finish to the week after the iron ore price pulled back. According to Metal Bulletin, the spot benchmark iron ore price dropped 3.2% to US$155.05 a tonne.

Dividends being paid

A number of ASX 200 shares will be paying their latest dividends on Friday. This includes funerals company InvoCare Limited (ASX: IVC), administration services company Link Administration Holdings Ltd (ASX: LNK), logistics infrastructure company Qube Holdings Ltd (ASX: QUB), and logistics solutions platform provider WiseTech Global Ltd (ASX: WTC).

Gold price rises

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a decent finish to the week after the gold price pushed higher. According to CNBC, the spot gold price is up 0.6% to US$1,934.7 an ounce. Traders were buying gold as an inflation hedge.

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 and has recommended Link Administration Holdings Ltd and WiseTech Global. The Motley Fool Australia owns and has recommended WiseTech Global. 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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