5 things to watch on the ASX 200 on Wednesday 20 January 2021

On Tuesday the S&P/ASX 200 Index (ASX: XJO) bounced back strongly and charged notably higher. The benchmark index jumped 1.2% to 6,742.6 points.

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

ASX 200 expected to rise.

It looks set to be another positive day for the ASX 200 on Wednesday. According to the latest SPI futures, the ASX 200 is poised to open the day 13 points or 0.2% higher. This follows a strong start to the week on Wall Street, which in late trade sees the Dow Jones up 0.5%, the S&P 500 up 0.95%, and the Nasdaq index up 1.5%. US markets were closed for Martin Luther King Jr. Day on Monday.

BHP update.

Hot on the heels of the Rio Tinto Limited (ASX: RIO) fourth quarter update on…