5 things to watch on the ASX on Monday

Last week the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) managed to carve out of a weekly gain of 0.6% to finish at 5,788 points despite the heightened levels of volatility on international markets.

While investors may be hoping for more of the same this week, that doesn’t look likely to be the case on Monday.

Here are five things that could shape the market today:

S&P/ASX 200 set to open lower.

Unfortunately, global trade war fears are once again weighing heavily on investor sentiment and caused the Dow Jones Industrial Average, NASDAQ, and S&P 500 to each drop over 2% on Friday. Because of this, futures are pointing to the S&P/ASX 200 opening 33 points or 0.6% lower on Monday, wiping out all last week’s gain.

Matt Comyn steps up as CBA CEO.

This morning Matt Comyn will step up to the role of CEO at Commonwealth Bank of Australia (ASX: CBA), replacing the retiring Ian Narev. After a thorough global search and a rigorous interview process, the bank’s board concluded that Mr Comyn, 42, has the best mix of attributes and values needed to lead it.

Gold miners could push higher.

Australian gold miners including the likes of Newcrest Mining Limited (ASX: NCM), Northern Star Resources Ltd (ASX: NST), and Resolute Mining Limited (ASX: RSG) could push higher on Monday as investors switch to risk off mode and turn their attention to safe haven assets. The spot gold price consolidated recent gains on Friday, finishing the week at US$1,331 an ounce.

Eyes will be on Blue Sky and Glaucus.

The Blue Sky Alternative Investments Ltd (ASX: BLA) and Glaucus Research battle will be on watch again this week. Blue Sky’s shares finished the week with a move higher after investor sentiment improved amid news that directors were buying shares on-market. This may not last long if Glaucus strikes again.

Shares going ex-dividend.

This morning the shares of Adairs Ltd (ASX: ADH) and Brickworks Limited (ASX: BKW) will go ex-dividend for their respective interim dividends. Elsewhere, eligible shareholders of Reject Shop Ltd (ASX: TRS) will receive the retailer’s interim 24 cents per share dividend in their nominated accounts.

And lastly, here are three up and coming shares to watch this month.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Brickworks and The Reject Shop Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!