Insights

5 things to watch on the ASX 200 on Tuesday

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

Business woman watching stocks and trends while thinking

On Monday the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index dropped 0.2% to 7,045.6 points.

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

ASX 200 expected to rise

The Australian share market looks set to bounce back on Tuesday following a solid night start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 10 points or 0.15% higher this morning. In the United States, the Dow Jones dropped 0.2% but the S&P 500 rose 0.2% and the Nasdaq climbed 0.9% to a record close.

Oil prices soften

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could trade lower today after oil prices softened. According to Bloomberg, the WTI crude oil price is down 0.35% to US$61.92 a barrel and the Brent crude oil price has fallen 0.7% to US$65.67 a barrel. Oil prices dropped after surging COVID-19 cases in India sparked fuel demand concerns.

IRESS update

The IRESS Ltd (ASX: IRE) share price will be on watch today following the release of an after market update. The financial technology company has upgraded its net profit after tax guidance for FY 2021 to between $70 million and $77 million from $56 million and $63 million. This follows IRESS concluding its QuantHouse earnout ahead of schedule, enabling the full integration of the business.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.2% to US$1,780.80 an ounce. Gold was up and down during the session ahead of the US Federal Reserve meeting later this week.

Tech shares on watch

Australian tech shares including Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) will be worth watching closely today. This follows a very positive night of trade on the tech-focused Nasdaq index. The Nasdaq was the standout performer and hit a record close ahead of major earnings updates by Amazon, Apple, Google, Microsoft, and Tesla this week.

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 February 15th 2021

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended IRESS Limited. 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 Tuesday 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!