On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had a disappointing start to the week and fell a sizeable 1.4% to 6,100.3 points.
Will the market be able to bounce back strongly on Tuesday? Here are five things to watch:
ASX futures pointing lower.
Unfortunately, the local market looks set to extend its losses on Tuesday. At the time of writing SPI futures are pointing to the S&P/ASX 200 opening the day 0.1% or 12 points lower this morning. This follows a mixed night on Wall Street which saw the Dow Jones rise 0.15%, but the S&P 500 edge lower and the Nasdaq fall 0.7%.
Tech shares could slide again.
The shares of popular tech companies Afterpay Touch Group Ltd (ASX: APT), Altium Limited (ASX: ALU), and WiseTech Global Ltd (ASX: WTC) could be in the red again today after their U.S. counterparts sank lower again. Investors may be trimming their valuations as bond yields widen.
Gold price tumbles.
Australian gold miners such as Northern Star Resources Ltd (ASX: NST) and Resolute Mining Limited (ASX: RSG) could come under pressure today after a fall in the gold price. The spot gold price has fallen 1.1% to US$1,188 an ounce since this time yesterday. Subdued demand has been blamed for the precious metal’s slump.
Ramsay lifts bid for Capio AB.
Ramsay Health Care Limited (ASX: RHC) shares will be on watch on Tuesday after the private hospital operator’s French subsidiary increased its offer for Capio AB. The previous offer of SEK 48.5 per share valued Capio’s equity at $1.04 billion. The offer has now been increased to SEK 58 cash per share, lifting the equity value to $1.294 billion.
Dividends being paid.
A number of popular dividend shares will be paying their latest distributions today. Eligible shareholders of auto retailer Automotive Holdings Group Ltd (ASX: AHG), beverage giant Coca-Cola Amatil Ltd (ASX: CCL), New Zealand telco company Chorus Ltd (ASX: CNU), and media company Southern Cross Media Group Ltd (ASX: SXL) will receive their dividends today.
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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 AFTERPAY T FPO, Altium, and WiseTech Global. The Motley Fool Australia has recommended Automotive Holdings Group Limited, Coca-Cola Amatil Limited, and Ramsay Health Care 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.