Five things to watch out for on the ASX200 on Thursday, July 29, 2021

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on Wednesday S & P / ASX200 Index (ASX: XJO) fell sharply, following the leadership of Wall Street. The Benchmark Index fell 0.7% to 7,379.3 points.

Will the market be able to recover on Thursday? Here are five things to keep in mind:

ASX200 expected to rebound

The Australian stock market appears to recover on Thursday. According to the latest SPI futures, the ASX 200 is expected to open 18 points this morning, a 0.25% higher day. This follows a mixed-night deal on Wall Street, where the Dow Jones fell 0.35%, the S & P 500 leveled off and the Nasdaq rose 0.7%.

Oil prices rise

Energy producers such as Oil Search Co., Ltd. (ASX: OSH) When Woodside Petroleum Limited (ASX: WPL) It could be a positive day after oil prices rise overnight. According to Bloomberg, WTI crude oil prices rose 0.8% to $ 72.20 a barrel and Brent crude oil prices rose 0.1% to $ 74.55 a barrel. Oil prices rose after US inventories fell.

Rio Tinto Semi-Annual Update

NS Rio Tinto Limited (ASX: RIO) Stock prices will be monitored following its release Six months result.. The mining giant reported that underlying earnings increased by 156% to US $ 12.2 million. Rio Tinto also revealed that free cash flow increased 262% to US $ 10,181 million and could declare a large interim dividend of US $ 5.61 per share. This didn’t reach Citi’s quote, but it was better than Goldman Sachs expected.Fellow iron ore miner Fortescue Metals Group Limited (ASX: FMG) We are planning to release a fourth quarter update today.

Gold price rises

May be a good day for gold miners Evolution Mining Co., Ltd. (ASX: EVN) When Regis Resource Limited (ASX: RRL) After the gold price rises overnight. According to CNBC Spot gold price It’s up 0.35% to 1 ounce US $ 1,806.3. Gold prices rose after the Federal Reserve Board kept interest rates near zero.

NEXTDC expansion

Investors NextDC Co., Ltd. (ASX: NXT) Today’s stock price. This follows an off-hours announcement revealing plans for further expansion in Sydney. The data center operator has secured a new data center site in western Sydney for $ 124 million. The company states that this is an important long-term expansion opportunity to provide data center services to hyperscale cloud providers in a new Availability Zone within the Sydney market where existing data centers are not currently serving. increase.

Five things to watch out for on the ASX200 on Thursday, July 29, 2021

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