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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

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

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