ASX 200 set to fall; Sonic, Sandfire to pay dividends today

Highlights

  • The Australian shares may open lower on Wednesday following a disappointing night on Wall Street.
  • The ASX 200 may open the day 11 points or 0.15% lower after closing 0.35% or 7,237.8 points higher in the previous session.
  • The Dow Jones fell 0.15%, the S&P 500 dropped 0.1% and the NASDAQ rose 0.2%.

The Australian shares may open lower on Wednesday following a disappointing night on Wall Street. While heavyweight miners may weigh on the benchmark as copper prices hit a one-month low, a modest rise in gold and oil prices is likely to benefit local stocks and cap the losses.

The ASX 200 may open the day 11 points or 0.15% lower after closing 0.35% or 7,237.8 points higher in the previous session.

ASX today: Which stocks are leading the losses?

A few companies to pay their latest dividends to the shareholders on Wednesday include Challenger Ltd, Insurance Australia Group Ltd, Sandfire Resources Ltd, Sonic Healthcare Ltd, and Suncorp Group Ltd.

The Dow Jones fell 0.15%, the S&P 500 dropped 0.1% and the NASDAQ rose 0.2%.

Meanwhile, global stock market stabilised on Tuesday and oil prices regained ground a day after heavy selling of risk assets.

A view of ASX trading chart on screen.

Image Source: © Stbernardstudio   | Megapixl.com

Oil prices rise

Crude oil prices inched higher as tighter US supplies boosted prices.

WTI crude settled up 0.4% at US$70.56 per barrel and Brent settled at US$74.36, up 0.6% on the day.

Gold price surges

Gold gained on Tuesday as unease over China's Evergrande insolvency spurred safe-haven buying.

Spot gold added 0.5% to US$1,773.09 an ounce.

A gold bar.

Image Source: ©Flynt   | Megapixl.com

RELATED ARTICLE: US markets close mixed as defensive stocks lead gains

RELATED ARTICLE: Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike

RELATED ARTICLE: Stocks with Dividend Yield over 5%- CIM, WOR, MFG, CLW, APA

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK