5 things to see on the ASX 200 on Friday, December 31, 2021

Investor sits in front of multiple screens and watches stock prices

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On Thursday, the S & P / ASX 200 Index (ASX: XJO) fought hard to record the smallest gain. The benchmark index rose 3.6 points to 7,513.4 points.

Will the market be able to build on this on Friday and end the year at a high level? Here are five things to see:

The ASX 200 is expected to rise

The Australian stock market looks set to end the week positively. According to the latest SPI futures, the ASX 200 is expected to open the day 9 points or 0.1% higher this morning. This follows a solid night of trading on Wall Street, with the Dow Jones rising 0.1% late, the S&P 500 up 0.1% and the Nasdaq up 0.45%.

ASX opening hours

Today is New Year’s Eve, and as in previous years, trading will end earlier than usual. You need to make sure you get your trades before noon. 14.00 Eastern Standard Time, otherwise you will miss something. The ASX stock market will then be closed until Tuesday, January 4th.

Oil prices mixed

It could be a subdued end to the week for energy stocks such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) after a mixed night of oil prices. According to Bloomberg, the WTI crude oil price has risen by 0.3% to $ 76.77 per barrel. barrel, and the Brent crude oil price has fallen 0.1% to $ 79.14 per barrel. barrel. Traders seem to be unsure of where oil prices are heading from here due to Omicron.

Lynas’ Malaysian update

That Lynas Rare Earths Ltd (ASX: LYC) stock price will be on guard today after giving an after-hours update on its Malaysian operations. Lynas announced that the Malaysian Permanent Disposal Facility for Water Leachate has received environmental approval from the relevant Malaysian regulatory authorities. This eliminates a major risk the company faced.

The price of gold is rising

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a good end to the week after the gold price had risen. According to CNBC, the spot gold price has risen 0.5% to $ 1,814.2 per share. ounce. The price of gold rose higher after government interest rates fell.

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