On Friday, the S&P/ASX 200 Index (ASX: XJO) finished a strong week with a very small decline. The benchmark index fell 2.8 points to 6,791.5 points.

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

ASX 200 expected to fall

The Australian share market looks set to start the week in a subdued fashion after a poor night on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 12 points or 0.2% lower this morning. On Wall Street, the Dow Jones was down 0.45%, the S&P 500 dropped 0.9%, and the NASDAQ tumbled 1.9%.

Oil prices fall

Energy producers Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor start to the week after oil prices pulled back on Friday. According to Bloomberg, the WTI crude oil price fell 1.7% to US$94.70 a barrel and the Brent crude oil price dropped 0.65% to US$103.30 a barrel. This was driven by a weakening global demand outlook and the resumption of some Libyan crude oil production.

South32 quarterly update

The South32 Ltd (ASX: S32) share price will be on watch today when the mining giant releases its fourth quarter update. The market is expecting a 3% increase in alumina production to 1,343kt and a 4% lift in aluminium production to 265kt. This is expected to underpin full year revenue of US$9.58 billion in FY 2022.

Gold price pushes higher

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a decent start to the week after the gold price pushed higher on Friday night. According to CNBC, the spot gold price was up 0.8% to US$1,745.30 an ounce. Thanks to softening US dollar and bond yields, the gold price snapped its five-week losing streak.

Domino’s given sell rating

Goldman Sachs has reaffirmed its out of consensus sell rating and $59.20 price target on the Domino’s Pizza Enterprises Ltd (ASX: DMP) share price after looking through the results of its US parent. The broker commented: “DPZ.US, the global master franchisor to DMP reported its CY2Q22 results overnight, in-line with GSe with better US SSS though weaker unit growth, while International SSS disappointed.”

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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