The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had an extremely positive start to the week and finished the day 1.1% higher at 5,728.2 points on Monday.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX futures pointing lower.
Unfortunately, on Tuesday the Australian share market is expected to open the day deep in the red. According to the latest SPI futures, the S&P/ASX 200 is poised to open 0.8% or 47 points lower. This follows a disappointing night of trade on Wall Street which saw the Dow Jones Industrial Average fall 1.5%, the S&P 500 decline 0.6%, and the Nasdaq slide 1.6% lower.
Oil prices lower.
Oil prices have started the week on a disappointing note. According to Bloomberg, the WTI crude oil price has fallen 1.4% to US$66.65 a barrel and the Brent crude oil price has dropped 1% to US$76.88 a barrel. This could put pressure on Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) shares today.
All eyes on Corporate Travel Management.
There is a small chance that Corporate Travel Management Ltd (ASX: CTD) shares could emerge from their trading halt today ahead of schedule. The corporate travel specialist requested the halt on Monday in order to respond to allegations made by a short seller. VGI Partner’s 176-page research report identified 20 red flags relating to the company’s financial reporting and disclosures.
Annual general meetings.
It is set to be another busy day of annual general meetings on Tuesday. Regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN), VoIP service provider MNF Group Ltd (ASX: MNF), and telecommunications company Vocus Group Ltd (ASX: VOC) are all scheduled to hold their respective meetings today.
Dividends being paid.
Long-suffering shareholders of aged care operator Japara Healthcare Ltd (ASX: JHC) and chartered accounting company Kelly Partners Group Holdings Ltd (ASX: KPG) will finally have a reason to smile on Tuesday when their latest dividends are paid. Eligible Japara shareholders will receive a partially franked 3.75 cents per share dividend and Kelly Partners shareholders are due to receive a fully franked 1.1 cents per share dividend.
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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 and has recommended Corporate Travel Management Limited, MNF Group Limited, and Vocus Communications 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.