5 things to watch on the ASX 200 on Wednesday 2 March 2021

On Tuesday the S&P/ASX 200 Index (ASX: XJO) gave back its strong early gains to finish the day lower. The benchmark index dropped 0.4% to 6,762.3 points.

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

ASX 200 futures pointing higher

It looks set to be a better day for the Australian share market on Wednesday. According to the latest SPI futures, the ASX 200 is poised to open the day 15 points or 0.2% higher. In late trade on Wall Street, the Dow Jones is up 0.1%, the S&P 500 is down 0.1%, and the Nasdaq index is 0.7% lower.

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could push higher today after oil prices strengthened. According…