On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had a decent session and pushed higher. The benchmark index rose 0.25% to 8,918 points.
Will the market be able to build on this on Thursday? Here are five things to watch:
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ASX 200 expected to rise again
The Australian share market looks set to push higher again on Thursday despite a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 21 points or 0.25% higher this morning. In the United States, the Dow Jones was up slightly, the S&P 500 fell 0.25%, and the Nasdaq dropped 0.7%.
Oil prices rise
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session after oil prices rebounded overnight. According to Bloomberg, the WTI crude oil price is up 1.3% to US$63.14 a barrel and the Brent crude oil price is up 1.9% to US$67.05 a barrel. Traders appear to believe that oil has been oversold this week.
Goodman results
Goodman Group (ASX: GMG) shares will be on watch this morning when the industrial property giant releases its full year results. According to a note out of Bell Potter, its analysts are expecting Goodman to outperform its earnings per share growth guidance of 9%. The broker is forecasting a 10.1% increase in FY 2025. Looking further ahead, the market is forecasting earnings per share growth of 11.1% in FY 2026.
Gold price rises
It could be a good session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price charged higher overnight. According to CNBC, the gold futures price is up 1% to US$3,392.4 an ounce. This was caused by US dollar weakness.
Buy Amplitude Energy shares
The Amplitude Energy Ltd (ASX: AEL) share price is undervalued according to analysts at Bell Potter. This morning, the broker has retained its buy rating on the energy producer's shares with an improved price target of 29 cents (from 28 cents). Based on its current share price of 25 cents, this implies potential upside of 16% for investors. It said: "AEL's conventional gas assets deliver into Australia's east coast market. The Orbost gas plant is now consistently operating at nameplate capacity; debottlenecking could incrementally lift near-term production. Guidance for FY26 looks relatively conservative."
