Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) and Ramsay Health Care Limited (ASX:RHC) shares will be on watch on the ASX 200 on Thursday. The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.
On Wednesday the
S&P/ASX 200 Index (ASX: XJO) was out of form again and recorded a sizeable decline. The benchmark index fell 0.7% to 7,044.9 points.
Will the market be able to bounce back from this on Thursday? Here are five things to watch:
ASX 200 expected to fall
The Australian share market looks set to tumble lower again on Thursday following a selloff on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 33 points or 0.5% lower. In the United States, the Dow Jones fell 2%, the S&P 500 dropped 2.15%, and the Nasdaq sank 2.7%. A strong inflation reading spooked investors.
ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
Sebastian Bowen | May 10, 2021 8:23am |
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The
S&P/ASX 200 Index (ASX: XJO) has just enjoyed a week in the green, which has pushed the flagship index towards its pre-COVID all-time high. Although the ASX 200’s gain of 0.8% for the week wasn’t particularly impressive on its own, it did end up pushing the index to 7,080.8 points by the end of the week, less than 1% off its all-time high of 7,160 points.
Investors can largely thank the ASX bank shares for this rise. Three of the big four banks reported half-yearly earnings this week.
Resolute Mining Limited (ASX: RSG) will be on watch after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.55% to US$1,785.90 an ounce. The gold price rose after the US dollar pulled back.
ANZ rated as a buy
The
Australia and New Zealand Banking GrpLtd(ASX: ANZ) share price could be good value according to analysts at Goldman Sachs. This morning the broker responded to its half year results by putting a buy rating and $30.20 price target on its shares. Goldman is also forecasting a 5% dividend yield in FY 2021.
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