On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form again and tumbled into the red. The benchmark index dropped 0.65% to 8,815.9 points.
Will the market be able to bounce back from this on Wednesday? Here are five things to watch:
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ASX 200 to fall again
The Australian share market looks set to fall again on Wednesday after a selloff on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 59 points or 0.7% lower this morning. In late trade in the United States, the Dow Jones is down 1.8%, the S&P 500 is down 2%, and the Nasdaq is 2.3% lower. Traders have been selling US assets in response to Donald Trump's Greenland threats.
Oil prices rise
ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Wednesday after oil prices stormed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.8% to US$60.53 a barrel and the Brent crude oil price is up 1.1% to US$64.66 a barrel. Traders were buying oil in response to supply disruption in Kazakhstan.
Telix FY 2026 update
Telix Pharmaceuticals Ltd (ASX: TLX) shares will be on watch on Wednesday after releasing an update on its performance in FY 2025. The radiopharmaceuticals company's unaudited group revenue came in at approximately US$804 million (A$1.2 billion). This was in line with its upgraded guidance of US$800 million to US$820 million. Fourth quarter revenue was up 46% on the prior corresponding period to US$208 million. Telix's CEO, Dr. Christian Behrenbruch, said: "Telix's Precision Medicine business delivered excellent sequential growth in Q4 2025, driven in part by the successful U.S. launch of Gozellix."
Gold price jumps to record high
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good session on Wednesday after the gold price jumped to a record high. According to CNBC, the gold futures price is up 3.75% to US$4,767.2 an ounce. The precious metal hit a record high in response to increased safe haven demand, US dollar weakness, and a "sell America" trade.
Rio Tinto update
Mining giant Rio Tinto Ltd (ASX: RIO) will be one to watch on Wednesday when it releases its fourth quarter and full year production update. The consensus estimate is for full year copper production of 863,000 tonnes and iron ore production of 322.756mt. Aluminium production of 3.22mt is also expected.
