ASX 200 to rise; WiseTech Global, JB Hi-Fi to go ex-dividend

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ASX 200 to rise; WiseTech Global, JB Hi-Fi to go ex-dividend

 ASX 200 to rise; WiseTech Global, JB Hi-Fi to go ex-dividend
Image source: Peshkova,Shutterstock

Highlights

  • The Australian shares might close the week on a positive note on Friday, likely buoyed by gains in gold stocks on the back of firm bullion prices.
  • The ASX 200 is expected to open the day 35 points or 0.5% higher after falling 1.9% to 7,369.5 points in the previous session.
  • Cleanaway Waste Management, WiseTech Global, and JB Hi-Fi are a few shares going ex-dividend on Friday.

The Australian share market is set to close the week on a positive note on Friday, likely buoyed by gains in gold stocks on the back of firm bullion prices. The ASX 200 is expected to open the day 35 points or 0.5% higher after falling 1.9% to 7,369.5 points in the previous session after payrolls data showed a steep fall in jobs in the first half of August.

Cleanaway Waste Management, WiseTech Global, and JB Hi-Fi are a few shares going ex-dividend on Friday.

In the overnight trade, Wall Street reversed earlier gains and European stocks pared losses as investors remained concerned over rising cases of coronavirus’ Delta variant, US Federal Reserve’s tapering plans and strong US weekly jobless claims data.

Source: © Stbernardstudio   | Megapixl.com

The three major US stock indices closed on a weak note. However, they remained near their record highs. The Dow Jones fell 0.4%, the S&P 500 dropped 0.45%, and the NASDAQ went down 0.25%.

Earlier in the day, US data showed Americans filing new claims for jobless benefits fell to the smallest number in nearly 18 months last week.

Bond yields and dollar

The yield on 10-year Treasury notes was down 4.3 basis points at 1.297%.

                     

ASX 200 to rise; WiseTech Global, JB Hi-Fi to go ex-dividend

 

On the other hand, the dollar slipped after the US government saw strong demand for a sale of 30-year bonds. The dollar index dropped 0.23% to 92.47.

Crude oil prices fall

Crude oil prices fell on reports that China intends to tap its reserves. Brent futures fell 1.6% to settle at US$71.45 a barrel. WTI crude fell 1.7% to US$68.14.

Energy stocks such as Woodside Petroleum Ltd (ASX: WPL) and Santos Ltd (ASX:STO) could be under pressure on Friday.

Source: ©  Ptlee  | Megapixl.com

Gold prices edge higher

Gold prices inched higher on softening US dollar. Spot gold prices rose 0.32% and futures settled 0.4% higher at US$1,800 per ounce.

ASX-listed old stocks such as Northern Star Resources Ltd (ASX:NST) and Newcrest Mining Ltd (ASX:NCM) could trade higher on Friday.

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