If you are Investor in Australia then read 5 things to watch on the ASX 200 on Thursday. On Wednesday, the S&P/ASX 200 Index was on a high wave. The price of the index is around 6941.The ASX is expected to rise on Thursday. It seems the Australian stock market might start the day in a better position on Thursday. Based on predictions, the ASX 200 index is expected to open around 20 points higher, which is about a 0.3% increase. At the close of the Wall Street market, the Dow Jones was slightly down by 0.2%, while the S&P 500 went up by 0.1%, and the NASDAQ increased by 0.15%. Overall, it suggests a positive trend for the Australian market’s opening.
5 things to watch on the ASX 200 on Thursday :-
Gold Price Falls:
On Thursday, the gold price was 3043 AUD. The price of gold was 3062 AUD on November 7.
NAB Results :-
National Australia Bank Ltd. (ASX: NAB) will reveal its full-year financial results. Experts at Goldman Sachs predict that the bank’s cash earnings could increase by 11% compared to the previous year, reaching $7,896 million. This estimate slightly surpasses the overall expectation of $7,795 million. Additionally, they expect the final dividend to be around 83 cents per share, aligning closely with what most experts anticipate.
Oil Price Falls :-
On another note, it might not be a great day for ASX 200 energy companies such as Beach Energy Ltd. (ASX: BPT) and Woodside Energy Group Ltd. (ASX: WDS). The prices of oil have fallen once more, with WTI crude oil decreasing by 2.8% to US$75.22 a barrel and Brent crude oil declining by 2.6% to US$79.47 a barrel. These drops are due to worries about lower demand, leading to oil prices reaching the lowest point in three months.