5 things to watch on the ASX 200 on Tuesday

On Monday, the S&P/ASX 200 Index (ASX: XJO) had a strong start to the week and charged higher. The benchmark index rose 0.7% to 7,682.4 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise again

The Australian share market is expected to rise again on Tuesday following a strong start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 41 points or 0.5% higher. In the United States, the Dow Jones was up 0.45%, the S&P 500 was up 1%, and the NASDAQ rose 1.2%.

ANZ half year results

All eyes will be on the ANZ Group Holdings Ltd (ASX: ANZ) share price on Tuesday when the banking giant becomes the latest big four member to release its results. A note out of Goldman Sachs reveals that its analysts are expecting the bank to report cash earnings (before one-offs) of $3,683 million for the first half. This represents a 4% decline on the prior corresponding period. This is ahead of the consensus estimate of $3,531 million. Goldman also expects an 81 cents per share dividend and a $1.5 billion share buyback.

Oil prices rise

ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) could have a good session on Tuesday after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 0.65% to US$78.60 a barrel and the Brent crude oil price is up 0.55% to US$83.41 a barrel. Oil prices pushed higher despite confusion over whether a Gaza ceasefire had been accepted.

NAB shares are going ex-dividend

National Australia Bank Ltd (ASX: NAB) shares are going ex-dividend this morning and are likely to trade lower. Last week, the banking giant released its half-year results and declared a fully franked interim dividend of 84 cents per share. Eligible shareholders won’t have to wait too long until pay day. NAB is currently scheduled to make its payment on 3 July.

Gold price charges higher

ASX 200 gold shares such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a positive session on Tuesday after the gold price charged higher overnight. According to CNBC, the spot gold price is up 1.1% to US$2,333.8 an ounce. A softer US dollar and rate cut hopes boosted the precious metal.

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

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More reading

• Here are the top 10 ASX 200 shares today
• What you need to do to secure the next NAB dividend
• What can ASX 200 investors expect from the RBA interest rate call tomorrow?
• These are my top ASX 200 share picks for growth right now
• Forget NAB and buy these ASX dividend shares

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 positions in and has recommended Goldman Sachs Group. 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.