5 things to watch on the ASX 200 on Thursday
On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index was down 0.6% to 8,834.5 points.
Will the market be able to bounce back from this on Thursday? Here are five things to watch:
ASX 200 expected to jump
It looks set to be a day to remember for Aussie investors on Thursday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 179 points or 2% higher this morning. In the United States, the Dow Jones rose 3.05%, the S&P 500 climbed 1.6%, and the Nasdaq jumped 1.45%.
NAB results
National Australia Bank Ltd (ASX: NAB) shares will be on watch today when the big four bank releases its FY 2026 results. The consensus estimate is for NAB to report a cash profit of $6.3 billion for the 12 months. Earnings per share are expected to be in the region of $2.38 to $2.46, supporting total dividends of $1.70 per share for FY 2026.
Oil prices crash
ASX 200 energy shares Woodside Energy Group Ltd (ASX: WDS) and Santos Ltd (ASX: STO) could have a tough session after oil prices crashed overnight. According to Bloomberg, the WTI crude oil price is down 7.8% to US$88.60 a barrel and the Brent crude oil price is down 8.1% to US$95.18 a barrel. Traders appear to believe the US mid-term election results could encourage peace talks between the US and Iran.
REA update
REA Group Ltd (ASX: REA) shares will be in focus today. That's because the property listings company will be releasing its first-quarter update before the market open. The team at Citi is expecting REA Group to report revenue of $440 million (excluding India). This would be an increase of 8% on a continuing basis. EBITDA is forecast to also be up 8% to $284 million for the three months.
Gold price jumps
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 jumped overnight. According to CNBC, the gold futures price is up 3.4% to US$4,074.2 an ounce. Investors were bidding the precious metal higher after the US dollar weakened following the US mid-term elections.
The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.
Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in REA Group and Woodside Energy Group Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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