On Tuesday, the S&P/ASX 200 Index (ASX: XJO) started the shortened week with a small decline. The benchmark index edged slightly lower to 7,816.7 points.
Will the market be able to bounce back from this on Wednesday? Here are five things to watch:
ASX 200 expected to jump
The Australian share market looks set for a strong session on Wednesday following a great night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 100 points or 1.3% higher this morning. In the United States, the Dow Jones was up 2.65%, the S&P 500 rose 2.5%, and the Nasdaq charged 2.7% higher.
Oil prices rise
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a decent session after a good night for oil prices. According to Bloomberg, the WTI crude oil price is up 1.9% to US$64.20 a barrel and the Brent crude oil price is up 1.6% to US$67.32 a barrel. New Iranian sanctions boosted prices.
Telix update
Telix Pharmaceuticals Ltd (ASX: TLX) shares will be on watch today after the biotechnology company released its first quarter update. Telix reported unaudited revenue of approximately US$186 million. This represents an increase of 62% over the prior year corresponding quarter and a quarter over quarter increase of 31%. Looking ahead, management has reaffirmed its full year revenue guidance of US$770 million to US$800 million.
Gold price falls
It could be a subdued session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price fell overnight. According to CNBC, the gold futures price is down 1% to US$3,392 an ounce. Easing US-China trade tensions reduced demand for safe haven assets.
Woolworths pay day
Today is pay day for owners of Woolworths Group Ltd (ASX: WOW) shares. This morning, the supermarket giant is scheduled to reward its shareholders with its fully franked interim dividend of 39 cents per share. Also sending its shareholders a pay check today is travel company Kelsian Group Ltd (ASX: KLS), which will be paying out a fully franked 8 cents per share dividend.
