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5 things to watch on the ASX 200 on Monday

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A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a small decline. The benchmark index fell 0.1% to 8,630.8 points.

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

ASX 200 expected to drop

The Australian share market looks set for a poor start to the week following a poor finish to the last one on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 38 points or 0.45% lower. In the United States, the Dow Jones was down 1.1%, the S&P 500 fell 1.25%, and the Nasdaq dropped 1.55%.

Oil prices jump

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices charged higher on Friday night. According to Bloomberg, the WTI crude oil price was up 4.2% to US$105.42 a barrel and the Brent crude oil price was up 3.55% to US$109.26 a barrel. Oil prices jumped after Donald Trump warned that he is losing patience with Iran.

Elders and New Hope results

Elders Ltd (ASX: ELD) shares will be on watch today when the agribusiness company releases its half-year results. The team at Bell Potter is expecting Elders to deliver EBITDA growth of approximately 30% for FY 2026, so the market is likely to be looking for a first half performance that is run-rating towards this. Elsewhere, New Hope Corporation Ltd (ASX: NHC) is scheduled to release its third-quarter results this morning.

Gold price tumbles

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a poor start to the week after the gold price tumbled on Friday night. According to CNBC, the gold futures price was down 2.6% to US$4,561.9 an ounce. Strong oil prices have sparked fears of higher inflation and interest rate hikes.

Buy TechnologyOne shares

Bell Potter thinks TechnologyOne Ltd (ASX: TNE) shares are good value. Ahead of its half-year results this week, the broker has retained its buy rating on the enterprise technology company’s shares with an improved price target of $32.25 (from $31.75). It said: “We believe, however, there is some chance of ARR growth exceeding $45m in H1 due to in part to the release of Plus – Technology One’s agentic AI product – and the impact this is having on product uptake by customers (e.g. James Cook University) which is driving up both NRR and ARR.”

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 positions in Technology One and Woodside Energy Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Elders and Technology One. 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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