Top 5 ASX 200 Highlights to Watch on Friday, January 30, 2026
The S&P/ASX 200 Index faced a challenging day on Thursday, ending slightly lower at 8,927.5 points. As we look towards Friday, January 30, 2026, there are five key highlights that investors should monitor.
ASX 200 Expected to Rise
The Australian share market is poised for a potential rise on Friday. Despite a tough trading session in the United States, SPI futures indicate that the ASX 200 could open 22 points, or 0.25%, higher. In after-hours trading, major US indexes showed minimal losses: the Dow Jones fell 0.05%, the S&P 500 decreased by 0.55%, and the Nasdaq declined by 1.4%. Notably, the Nasdaq was adversely affected by a significant 12% drop in Microsoft shares.
Oil Prices Increase
Friday could bring a positive turn for energy stocks within the ASX 200, particularly Santos Ltd and Woodside Energy Group Ltd. Oil prices surged overnight, with WTI crude rising by 3.3% to reach $65.34 per barrel, while Brent crude climbed 3.25% to $70.62 per barrel. This increase followed reports that Donald Trump is contemplating military action against Iran.
ResMed Inc. Results Due
Investors will focus on ResMed Inc. as it prepares to release its second quarter financial results. Analysts predict a 9% revenue growth, alongside a gross margin of 62.1%. This update could significantly impact shares of the sleep disorder treatment company.
Gold Prices Edge Higher
ASX 200 gold shares, including Evolution Mining Ltd and Newmont Corporation, may benefit from rising gold prices. Recent reports indicate that gold futures increased slightly by 0.1%, reaching $5,308.50 per ounce. The demand for gold as a safe haven has contributed to this upward trend.
Buy Recommendations for Liontown
Liontown Ltd shares are on the rise, according to financial analysts at Bell Potter. The brokerage reaffirmed its buy rating with an adjusted price target of $2.42, down from $2.48. They emphasized that Liontown’s current position in the lithium market allows for rapid cash generation, supporting production expansions and enhancing shareholder value. The company’s Kathleen Valley project is noted for its strategic significance, long-term viability, and prime location in a top-tier mining area. With established contracts with leading electric vehicle and battery manufacturers, Liontown’s strong balance sheet underscores its robust financial health.
