Insights

5 things to watch on the ASX 200 on Tuesday

It could be another tough day for ASX 200 investors…
The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia. –

On Monday the S&P/ASX 200 Index (ASX: XJO) started the week deep in the red. The benchmark index fell 2.1% to 7,248.2 points.

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

ASX 200 expected to sink again

The Australian share market is expected to sink again on Tuesday. According to the latest SPI futures, the ASX 200 is poised to open the day 98 points or 1.4% lower. This follows a poor start to the week on Wall Street. The Dow Jones fell 1.8%, the S&P 500 sank 1.7%, and the Nasdaq dropped 2.2%.

Iron ore price tumbles further

Mining giants BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) will be on watch after the iron ore price pulled back further. According to Metal Bulletin, the spot iron ore price has fallen 8.8% to US$92.98 per tonne. This follows concerns about demand in China amid fears that property giant Evergrande could collapse.

Oil prices fall

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a tough day after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 1.7% to US$70.74 a barrel and the Brent crude oil price has fallen 1.4% to US$74.32 a barrel. Concerns about China’s economy weighed on prices.

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. According to CNBC, the spot gold price is up 0.8% to US$1,765.7 an ounce. The precious metal was boosted by demand for safe haven assets due to the Evergrande-related market selloff.

Dividends being paid

A number of ASX 200 shares will be paying dividends later today to their respective shareholders. This includes mining giant BHP and energy companies Oil Search Ltd (ASX: OSH) and Santos Ltd (ASX: STO). In respect to the former, BHP is rewarding its shareholders with a massive 271.5 cents per share dividend.

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

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why are Coles (ASX:COL) shares defying the ASX 200 selloff today?
Here are the top 10 ASX shares today

ASX 200 shares in this sector are withstanding today’s selloff

Leading brokers name 3 ASX shares to buy today

Here are 3 of the most popular ASX 200 shares by volume today

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 Bruce Jackson.

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!