Insights

5 things to watch on the ASX 200 on Monday

Afterpay Ltd (ASX:APT) and BHP Group Ltd (ASX:BHP) shares will be on watch on the ASX 200 on Monday…
The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia. –

Investor sitting in front of multiple screens watching share prices

On Friday the S&P/ASX 200 Index (ASX: XJO) finished a very positive week with a day in the red. The benchmark index fell 0.35% to 6,800.4 points.

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

ASX 200 expected to rise

The Australian share market looks set to bounce back on Monday. According to the latest SPI futures, the ASX 200 is poised to open the week 15 points or 0.2% higher. This is despite Wall Street ending the week in a disappointing fashion. On Friday, the Dow Jones fell 0.6%, the S&P 500 dropped 0.3%, and the Nasdaq edged 0.1% higher.

Oil prices drop lower

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could start the week in the red after oil prices tumbled lower. According to Bloomberg, the WTI crude oil price fell 1.6% to US$52.27 a barrel and the Brent crude oil price fell 1.2% to US$55.41 a barrel. Oil prices tumbled after demand fears put a dent in sentiment.

Tech shares on watch

It could be a positive day of trade for tech shares including Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO) on Monday after US tech shares ended the week at record highs. The tech-focused Nasdaq index climbed a sizeable 4% for the week following some strong quarterly updates.

Gold price pulls back

It could be a tough day for gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) after the gold price dropped lower on Friday. According to CNBC, the spot gold price dropped 0.5% to US$1,859.90 an ounce. The price of the precious metal came under pressure after the US dollar firmed.

Iron ore softens

BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) shares will be on watch today after the iron ore price softened. According to Metal Bulletin, the benchmark iron ore price dropped 0.9% to US$169.97 a tonne. This led to the UK-listed BHP share price falling 1.2% on Friday night.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!