5 things to watch on the ASX 200 on Tuesday

On Monday, the S&P/ASX 200 Index (ASX: XJO) ended the day with the smallest of declines. The benchmark index edged 5.4 points lower to 8,791.3 points.

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

ASX 200 to tumble

The Australian share market looks set for a poor session on Tuesday following a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 39 points or 0.45% lower. In late trade in the United States, the Dow Jones is down 0.65% and the S&P 500 is down 0.2%, but the Nasdaq is edging higher.

Navigator Global shares given buy rating

Navigator Global Investments Ltd (ASX: NGI) shares could be in the buy zone according to Morgans. This morning, the broker has retained its buy rating on the investment company’s shares with a reduced price target of $3.13 (from $3.39). It commented: “NGI has released its June 2026 (4Q26) AUM update. We saw this as another broadly solid quarter, marked by a +6% increase in group ownership-adjusted AUM despite volatile markets, and with continued robust quarterly net flows into Lighthouse (+US$690m). We revise our NGI FY26F/FY27F EPS by +1%/-2%/-4%, with higher AUM forecasts offset by slightly lower operating margin assumptions. Our price target is reduced to A$3.13 (previously A$3.39). With >20% upside remaining to our PT, we maintain our BUY recommendation.”

Oil prices rise again

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have another good session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.5% to US$83.75 a barrel and the Brent crude oil price is up 1.4% to US$89.33 a barrel. Traders have been bidding oil higher following an increase in US-Iran tensions.

Gold price eases

It could be a subdued session for ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) after the gold price eased overnight. According to CNBC, the gold futures price is down 0.2% to US$4,012 an ounce. Concerns about US interest rate increases are weighing on the precious metal. 

Buy Regis Resources shares

Regis Resources Ltd (ASX: RRL) shares could still be undervalued according to analysts at Bell Potter. This morning, in response to the gold miner’s production and cost guidance, the broker has retained its buy rating with a trimmed price target of $8.45 (from $9.45). It said: “The midpoint of FY27 production guidance is in-line with our forecast (~380koz) and FY26 actual (379koz), while noting there is upside to ~400koz. Duketon is forecast to lift production ~10% YoY, offsetting lower production at Tropicana. Overall, AISC are ~13% above our current group forecast (A$2,650/oz) as higher cost ounces are brought into the mine plan at Duketon and diesel cost inflation comes through the cost base at both operations.”

The post 5 things to watch on the ASX 200 on Tuesday 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.