Mon. Dec 6th, 2021

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On Thursday, the S & P / ASX 200 Index (ASX: XJO) fought very hard to register a small gain. The benchmark index rose 0.1% to 7,407.3 points.

Will the market be able to build on this on Friday? Here are five things to see:

The ASX 200 is expected to fall

The Australian stock market appears to be ending the week in a subdued manner. According to the latest SPI futures, the ASX 200 is expected to open the day 7 points or 0.1% lower. This follows a reasonably good night of trading on Wall Street, where the Dow Jones fell slightly late, but the S&P 500 rose 0.2% and the Nasdaq by 0.45%.

NAB assessed as a purchase

That National Australia Bank Ltd (ASX: NAB) stock price may have good value according to analysts at Bell Potter. According to the memo, the broker has maintained its purchase rating and the price target of $ 32.00 on the bank’s shares. This follows news that the ACCC has given the green light for NAB’s acquisition of Citi’s Australian consumer business.

Oil prices are getting softer

Energy producers incl Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) may end the week in red after oil prices have softened. According to Bloomberg, the WTI crude oil price has fallen 0.45% to $ 78.03 per barrel. barrel, and the Brent crude oil price is flat at $ 82.25 per barrel. barrel. Oil prices fell as traders waited to see how OPEC would react to US-led oil reserves releases.

Annual general meetings

The general meeting season continues on Friday with a host of companies holding their events. These include copper producer Sandfire Resources Ltd (ASX: SFR), telco Uniti Group Ltd (ASX: UWL), and gold miner Westgold Resources Ltd (ASX: WGX). These companies could provide investors with a trade update at their respective events.

The price of gold is rising

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a decent end to the week after the gold price had risen. According to CNBC, the spot gold price has risen 0.25% to $ 1,788.3 per share. ounce. The price of gold rose after the weakening of the US dollar.

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