5 things to watch on the ASX on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished the week with a day in the red. The benchmark index ended the day lower by 0.5% at 6,319.5 points.

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

ASX futures pointing higher.

According to the latest SPI futures, the Australian share market is expected to open the week higher. SPI futures are pointing to the market opening 0.4% or 26 points higher on Monday despite a mixed night of trade on Wall Street on Friday. The Dow Jones finished the week 0.1% lower, the S&P 500 edged slightly higher, and the NASDAQ rose 0.25%.

Oil prices tumble.

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could come under pressure after oil price tumbled lower at the end of the week. According to Bloomberg, the WTI crude oil price fell 0.6% to US$69.80 a barrel and the Brent crude oil price dropped 0.5% to US$77.64 a barrel. Concerns over global trade wars has been blamed for the decline.

Bendigo and Adelaide Bank shares go ex-dividend.

This morning the shares of regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN) go ex-dividend for its final dividend of 35 cents per share. This will then be paid to eligible shareholders on September 28. In addition to Bendigo and Adelaide Bank, the shares of Servcorp Limited (ASX: SRV) and Villa World Ltd (ASX: VLW) go ex-dividend this morning.

Another bid coming for Capilano Honey?

On Friday the Capilano Honey Ltd (ASX: CZZ) share price surged over 5% higher to $21.00 in late trade. This pushed its shares above the $20.06 takeover offer it received from Bravo HoldCo in mid-August. According to the AFR, Bega Cheese Ltd (ASX: BGA) could have been the buyer of its shares and may be interested in making a counter bid.

Australian dollar drops below 72 U.S. cents.

U.S. dollar earners such as Appen Ltd (ASX: APX) and Ardent Leisure Group (ASX: AAD) will be smiling this morning after the Australian dollar continued its decline. Over the weekend the Aussie dollar dropped below 72 U.S. cents to a year-to-date low of 71.77 U.S. cents.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Servcorp 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.

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