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5 works to watch ASX 200 on Friday



On Thursday S & P / ASX 200 (Index: ^ AXJO) (ASX: XJO) returned its morning benefits to finish the day at 0.4% lower at 5,864.7 points.

Will the market be able to jump out on Friday and finish the high-level week? Here are five things to see:

ASX futures pointing higher.

According to the latest SPI futures, the ASX 200 is expected to open the day higher on Friday. Current futures contracts indicate a profit of 8 points or 0.15% in the open. This follows Wall Street's mixed night trade which saw Dow Jones at 0.25% at the end of the session, S & P 500 for 0.7% and Nasdaq by 1.3% higher.

Technical actions can be increased.

Altium Limited (ASX: ALU) and WiseTech Global Ltd. (ASX: WTC) shares were strong marketers on Thursday. These tech stars could recapture on Friday, after their American technology peers pushed higher overnight. The technology-focused Nasdaq index increased 1.3% in late trade.

Oil prices are mixed

Santos LTD (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) shares will be on Friday after a mixed night of trade for oil prices. According to Bloomberg, WTI crude oil prices fell by 0.8% to $ 53.80 a barrel, while Brent crude oil prices rose 0.4% to $ 61.90 a barrel. The WTI mazut in January rose to 18 percent, the highest profit in January.

The beach fell to grow.

On Beach Energy Ltd. (ASX: BPT) share price was one of the best performers of ASX 200 last month with an increase of 34%. The good news for shareholders is that Goldman Sachs believes these benefits can continue after yesterday's update. The broker has a buying rating and a target price of $ 2.00 per share on the beach. This target price implies a potential increase of 11% for its shares.

Prices of iron ore.

Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) are likely to trade higher on Friday after iron ore prices continued to climb higher. According to Metal Bilten, the reference 62% of penalties rose by almost 3.5%, with its week to date reaching over 14%.


Motley Fool Associate James James Mickleboro has no position in any of the listed stocks. The Australian Prayer "Mettley" has shares in Altium and WiseTech Global. We may not all share the same opinions, but we all believe that thinking about the diversity of knowledge makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.


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