5 things to watch on the ASX 200 on Wednesday

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was on form and raced higher. The benchmark index ended the session 1.1% higher at 9,129 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 to fall

The Australian share market is expected to fall on Wednesday following a poor session on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 44 points or 0.5% lower. In late trade in the United States, the Dow Jones is down 0.35%, the S&P 500 is down 0.45%, and the Nasdaq is down 0.8%.

Oil prices ease

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) will be on watch after a subdued night for oil prices. According to Bloomberg, the WTI crude oil price is down 0.65% to US$86.30 a barrel and the Brent crude oil price is down 0.75% to US$91.88 a barrel. Brent oil hit its lowest level since August on US-Iran peace optimism.

ANZ shares given trim rating

The team at Morgans wasn't overly impressed with the ANZ Group Holdings Ltd (ASX: ANZ) FY 2026 result. In response, the broker has retained its trim rating with a $35.71 price target. It said: "Like its peers' FY26 reporting, ANZ's 2H26 earnings were flat (albeit with differences in mix) with the CET1 ratio deterioration arguably the largest surprise. Critical for long term investors is the FY28-30 financial targets remain unchanged, offering significant earnings upside if achieved. TRIM retained, given potential TSR of -c.4% at current prices. Target price $35.71."

Gold price falls

It could be a difficult session for ASX 200 gold shares Westgold Resources Ltd (ASX: WGX) and Northern Star Resources Ltd (ASX: NST) after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.85% to US$4,038.1 an ounce. Higher than expected US inflation put pressure on the precious metal.

ASX 200 shares going ex-dividend

A couple of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes Macquarie Group Ltd (ASX: MQG) for its $3.25 per share partially franked interim dividend and ResMed Inc. (ASX: RMD) for its 6.6 US cents per share quarterly payout. ANZ Bank shares will be going ex-dividend tomorrow, meaning today is the last day for investors to buy its shares to qualify for the payout next month.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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