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On Wednesday, the S & P / ASX 200 index (ASX: XJO) was out of shape and fell red. The benchmark index fell 0.5% to 6,594.5 points.
Will the market be able to recover this Thursday? Here are five things to see:
The ASX 200 is expected to go up
The Australian stock market is expected to recover on Thursday after a decent night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 41 points or 0.6% more this morning. On Wall Street, the Dow Jones was up 0.2%, the S&P 500 was up 0.35% and the NASDAQ was up 0.35%.
The price of oil is going down again
It could be a bad day for energy stocks, such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS), after oil prices fell overnight again. According to Bloomberg, the price of WTI crude has dropped 1.15% to $ 98.41 a barrel and the price of Brent crude has dropped 2.4% to $ 100.32 a barrel. Concern that there could be a global recession has brought the price of oil to a 12-week low.
The price of gold is falling
Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a tough day after the price of gold falls again overnight. According to CNBC, the price of spot gold has dropped 1.45% to $ 1,738.5 an ounce. A stronger U.S. dollar is reducing the attractiveness of the safe haven asset.
Atlas Artery bowed to make the acquisition
The share price of Atlas Arteria Group (ASX: ALX) will be watching today amid reports to AFR that the toll road operator is interested in acquiring a stake in the Chicago Skyway toll road in the States Units. This is despite the company being in talks with IFM Investors about a takeover at $ 8.10 per share.
Block actions fall
The stock price of Block Inc (ASX: SQ2) could have a day off after its shares in the United States fell in the red overnight. Shares of the payment company on the NYSE ended the day nearly 3% lower, which is not a good omen for its shares listed on ASX this morning.