市场见解

5 things to watch on the ASX 200 on Monday

Here’s what to expect on the market on Monday…
The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia. –

On Friday the S&P/ASX 200 Index (ASX: XJO) was on form and stormed higher. The benchmark index rose 0.6% to 7,308.6 points.

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

ASX 200 expected to open flat

The Australian share market is expected to start the week where it ended it. According to the latest SPI futures, the ASX 200 is expected to open the day flat. This is despite a very positive end to the week on Wall Street, which saw the Dow Jones rise 0.45%, the S&P 500 climb 0.75%, and the Nasdaq storm 0.8% higher.

Oil prices mixed

Energy producers such as 桑托斯集团 (ASX: STO) and 能源 - 伍塞德石油 (ASX: WPL) will be on watch after a mixed end to the week for oil prices. According to Bloomberg, the WTI crude oil price fell 0.1% to US$75.16 a barrel and the Brent crude oil price rose 0.45% to US$76.17 a barrel. Traders weren’t sure whether to buy or sell oil as OPEC talks dragged on into the weekend.

Tech shares could rise

Tech shares including Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO) could start the week on a high. This follows a solid night of trade on the Nasdaq index on Friday, which saw the tech-heavy index hit a record high after a strong US jobs report. Given that the local tech sector tends to follow the Nasdaq’s lead, this could bode well for today’s session.

Gold price rises

Gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could be on the rise today after the gold price pushed higher on Friday night. According to CNBC, the spot gold price rose 0.4% to US$1,783.30 an ounce. Traders were buying the precious metal despite the strong jobs report.

Magellan given sell rating

The Magellan Financial Group Ltd (ASX: MFG) share price could be overvalued according to analysts at Goldman Sachs. According to the note, the broker has retained its sell rating but lifted its price target to $49.20. The broker believes the market is underestimating potential losses relating to its Barrenjoey investment. It also believes its recent performance means the earnings risks are skewed to the downside.

The post 5 things to watch on the ASX 200 on Monday 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 May 24th 2021

More reading

Why the Telstra (ASX:TLS) share price outlook suddenly improved last week
5 best ASX energy shares of the 2021 financial year revealed

5 best ASX 200 mining and resource shares of financial year 2021

Here are the 5 best ASX telecom shares of the 2021 financial year

These were the best performing ASX 200 shares last week

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. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

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!