The ASX 200 is set to continue its upward trajectory on Friday, following a positive session on Thursday. The index closed at 8,640.7 points, a 0.1% gain, snapping a losing streak. This momentum is expected to carry over, with SPI futures predicting an opening 0.5% higher. The market's resilience is particularly notable given the global economic landscape, where oil prices have surged due to the absence of a US-Iran peace deal. This surge in oil prices will impact ASX 200 energy shares, with Santos Ltd and Woodside Energy Group Ltd in focus. However, the market's attention may soon shift to Graincorp Ltd, which sank 13% on Thursday following its half-year results. Despite this, the broker Bell Potter maintains a hold rating, citing strong oilseed crush margins and potential tailwinds from hedge positions. In contrast, ASX 200 gold shares Evolution Mining Ltd and Newmont Corporation could face headwinds as the gold price drops, potentially due to rising inflation concerns. On a positive note, Catapult Sports Ltd shares are being undervalued, according to Bell Potter analysts, who retain their buy rating. The company's extensive proprietary data, multiple product platforms, and hardware components make it a key pick in the tech sector. Looking ahead, the market's performance will be influenced by various factors, including oil prices, grain production forecasts, and gold price movements. The ASX 200's ability to sustain its upward trend will be crucial in shaping investor sentiment and market dynamics in the coming weeks.
