On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had a disappointing end to the week and finished it with a day in the red. The benchmark index fell 0.3% to 6,278.4 points.
Will the market be able to bounce back on Monday? Here are five things to watch:
Australian share market expected to open higher.
According to the latest SPI futures, the Australian share market is poised to open the day 0.2% or 11 points higher on Monday despite heavy declines on Wall Street at the end of the week. The collapse of the Turkish lira spooked markets and led to the Dow Jones falling 0.8%, the S&P 500 dropping 0.7%, and the Nasdaq tumbling almost 0.7% lower.
Oil prices rebound.
The shares of Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could recover some of Friday's declines after oil prices rebounded. According to Bloomberg, the WTI crude oil price rose 1.2% to US$67.63 a barrel and the Brent crude oil price climbed 1% to US$72.81 a barrel.
Bank results.
Last week Commonwealth Bank of Australia (ASX: CBA) released its full-year results which were largely in line with expectations. All eyes will be on Bendigo and Adelaide Bank Ltd (ASX: BEN) this morning to see if the regional bank does likewise. The Bloomberg consensus is for a profit of $453.9 million.
JB Hi-Fi results due to be released.
This morning embattled retailer JB Hi-Fi Limited (ASX: JBH) is due to release its full-year results. Expectations are low after the company's third-quarter update showed a significant decline in the performance of its Good Guys brand. The market is looking for a net profit after tax of approximately $230.8 million.
Further result releases.
Earnings season is certainly moving up a gear today with a large number of results scheduled to be released. These include freight operator Aurizon Holdings Ltd (ASX: AZJ), steel giant BlueScope Steel Limited (ASX: BSL), property listing company Domain Holdings Australia Ltd (ASX: DHG) and property investment company GPT Group (ASX: GPT).
