5 things to watch on the ASX 200 on Wednesday 7 April 2021

On Tuesday the S&P/ASX 200 Index (ASX: XJO) started the shortened week on a very positive note. The benchmark index rose 0.85% to 6,885.9 points.

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

ASX 200 expected to fall

The Australian share market looks set to give back some of its gains on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 9 points or 0.1% lower this morning. This follows a weak night of trade on Wall Street, which saw the Dow Jones fall 0.3%, the S&P 500 drop 0.1%, and the Nasdaq edge lower.

Oil prices rebound

It could be a better day for energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) after oil…