Insights

5 things to watch on the ASX 200 on Tuesday

Here’s what to 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. –

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the year in a disappointing fashion. The benchmark index fell 0.9% to 7,444.6 points.

Will the market be able to bounce back from this on Tuesday and start the year on a positive note? Here are five things to watch:

ASX 200 futures pointing lower but…

The Australian share market is set to return to trade this morning in a disappointing fashion. According to the latest SPI futures from New Year’s Eve, the ASX 200 is expected to open the day 1% or 88 points lower. Though, that could all change once the strong start to the year on Wall Street is taken into account. In late trade, the Dow Jones up 0.5%, the S&P 500 is up 0.45%, and the Nasdaq is trading 0.95% higher.

Apple becomes a US$3 trillion company

Following a strong night of trade on the tech-focused Nasdaq index, tech behemoth Apple has seen its shares rise to a level that gives it a US$3 trillion company. The iPhone maker is the first company to achieve this milestone.

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a good start to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.75% to US$75.79 a barrel and the Brent crude oil price has risen 1.15% to US$78.66 a barrel. This appears to have been driven by news that Libyan output will drop 200,000 barrels per day for one week due to pipeline maintenance.

Gold price sinks

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could start the week in the red after the gold price dropped. According to CNBC, the spot gold price is down 1.5% to US$1,801 an ounce. The gold price slipped amid the strength in equities.

Iron ore price rises

It could be a good day for BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shares on Tuesday following a rise in the iron ore price. According to Metal Bulletin, the spot benchmark iron ore price has risen 1.3% to US$122.26 a tonne.

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

These were the best performing ASX 200 shares in December

These were the worst performing ASX 200 shares in December

These were the worst performing ASX 200 shares last week

These were the best performing ASX 200 shares last week

ASX 200 falls on Friday but records 13% gain in 2021

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!