(ASX: XJO) was on form again and surged ahead. The benchmark index lifted 0.35% to 8,285.1 points.
Will the market be able to build on this on Wednesday? Here are five things to keep an eye on:
ASX 200 expected to rebound again
The Aussie share market is likely to go up tomorrow, despite a pretty ordinary night of trading on Wall Street. According to the latest SPI futures, the ASX 200 is expected to start the day 17 points or 0.2% higher this morning. Late trading on the US stock market saw the Dow Jones fall by 0.1%, the S&P 500 drop by 0.7%, and the Nasdaq sink by 1.4%.
Buy Iluka shares
Shares are one of the top picks in the Asia-Pacific area. This morning, the broker has added the company that mines mineral sands and rare earths to its highly-regarded Asia-Pacific conviction list. Goldman Sachs has awarded the company a conviction buy rating and a price target of $7.70. The broker points out that “Zircon (used in ceramics and chemicals) is one of the best structural supply side stories in commodities.”
Oil prices rise
The WTI crude oil price has crocked up 0.95% to $74.25 a barrel and the Brent crude oil price has lifted 1% to $77.05 a barrel. Concerns over supply disruptions have given oil prices a bit of a boost on Tuesday night.
Gold price pushes higher
It’s now up 0.6% to $2,663.60 an ounce, thanks to a weakening US dollar.
Premier Investments pay day
Fair dinkum, shareholders will be stoked today when they cop their latest dividend from the retail giant. Back in late summer, the Smiggle and Peter Alexander owner chucked out its full-year figures and declared a fully franked final dividend of 70 cents a share. This dosh’ll be landing in the bank accounts of eligible shareholders later today.
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More reading
- Top ASX 200 performer of each market sector in 2024
- Here are the top 10 ASX 200 stocks as of today
- Is it time to sell off some profits on ASX 200 bank shares?
- Three ASX 200 retail shares that surged in 2024 despite the cost-of-living crisis
- The two ASX energy stocks I reckon are poised for a comeback in 2025
This article contains general investment advice only (under AFSL 400691). Authenticated by Scott Phillips.
