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5 things to watch on the ASX on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished a disappointing week with a decline of 0.3% to 6,143.8 points.

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

ASX futures pointing lower.

According to the latest SPI futures, the Australian share market is expected to start the week as it finished it. The latest futures point to the S&P/ASX 200 opening the day 23 points or 0.4% lower on Monday following a weak night of trade on Wall Street on Friday. The Dow Jones fell 0.3%, the S&P 500 dropped 0.2%, and the Nasdaq tumbled 0.25% lower.

Tech shares slide.

Declines from Apple, Amazon, and Alphabet led to the Nasdaq falling for a fourth day in a row on Friday. This brought its weekly decline to approximately 2.5% and marked its worst start to September since 2008. Australian tech stars Altium Limited (ASX: ALU) and WiseTech Global Ltd (ASX: WTC) could come under pressure today if the tech selloff spreads to Australian equities.

Oil prices mixed.

Oil prices finished the week mixed. According to Bloomberg, the WTI crude oil price edged slightly lower to US$67.75 a barrel, whereas the Brent crude oil price ended its losing streak and rose 0.4% to US$76.83 a barrel.

Australian dollar continues to slide.

The Australian dollar has continued its slide and is currently fetching 71 U.S. cents. This is a two and a half year low for the local currency and could give U.S. dollar earners like Appen Ltd (ASX: APX) and Ardent Leisure Group (ASX: AAD) a boost from favourable currency movements.

Shares going ex-dividend.

A number of shares go ex-dividend this morning. These include Auswide Bank Ltd (ASX: ABA), fuel retailer Caltex Australia Limited (ASX: CTX), fintech company Netwealth Group Ltd (ASX: NWL), packaging company Orora Ltd (ASX: ORA), copper and gold miner Sandfire Resources NL (ASX: SFR), and seafood company Tassal Group Limited (ASX: TGR).

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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 Altium, Appen Ltd, and WiseTech Global. 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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