On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index rose 0.3% to 7,307 points.
Will the market be able to build on this on Monday? Here are five things to watch:
ASX 200 expected to tumble
The Australian share market looks set to have a difficult session on Monday following a poor finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.7% lower this morning. On Wall Street, the Dow Jones was down 1%, the S&P 500 fell 1.05%, and the NASDAQ dropped 1.7%.
Oil prices rise
ASX 200 energy shares including Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT) could have a good start to the week after oil prices pushed higher on Friday. According to Bloomberg, the WTI crude oil price was up 1.2% to US$76.32 a barrel and the Brent crude oil price rose 1.2% to US$83.16 a barrel. Oil prices were flat for the week after Russian supply cuts were offset by a rise in US inventories.
Woodside full-year results
The Woodside Energy Group Ltd (ASX: WDS) share price will be another energy share to watch on Monday. This morning, this energy giant is scheduled to release its highly anticipated full-year results. According to Morgans, its analysts are expecting revenue of US$16,973 million and a 142% increase in EBITDAX to US$11,227 million.
Gold price falls
Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price fell on Friday night. According to CNBC, the spot gold price dropped 0.5% to $1,817.10 per ounce. Increasing rate hike bets weighed on the safe haven asset.
Healius results
The Healius Ltd (ASX: HLS) share price will be one to watch today when the healthcare company releases its half-year results. According to CommSec, the market is expecting Healius to report a net profit after tax of just $10 million and declare an interim dividend of 2.5 cents per share.
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 no position in any of the stocks mentioned. 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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