5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished a positive week with a day in the red. The benchmark index ended the day 0.1% lower at 5,921.8 points.

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

ASX futures pointing lower.

The Australian share market looks set to have a soft start to the week. According to the latest SPI futures, the ASX 200 is expected to open the day 37 points or 0.6% lower. This follows a disappointing end to the week on Wall Street which saw the Dow Jones fall 0.8%, the S&P 500 drop 0.9%, and the Nasdaq tumble 1.6% lower.

Tech shares could come under pressure.

Popular tech shares such as Afterpay Touch Group Ltd (ASX: APT) and WiseTech Global Ltd (ASX: WTC) could come under pressure on Monday after their U.S. peers finished the week deep in the red. According to CNBC, the five most valuable U.S. tech companies lost a combined US$75 billion in market value on Friday. Hawkish comments out of the FOMC appear to have spooked tech investors.

Oil prices drop lower again.

Oil prices have continued their poor run with another decline. This could put pressure on energy shares such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) again. According to Bloomberg, the WTI crude oil price fell 0.8% to US$60.19 a barrel and the Brent crude oil price dropped 0.7% to US$70.18 a barrel. Reuters has reported that Saudi Arabia is planning to ship less oil in December to support prices.

ANZ Bank shares go ex-dividend.

Australia and New Zealand Banking Group (ASX: ANZ) shares are likely to trade lower today after going ex-dividend for the bank’s final dividend. Eligible shareholders can look forward to receiving the 80 cents per share fully franked dividend in their accounts on December 18.

Corporate Travel Management insider buying.

The Corporate Travel Management Ltd (ASX: CTD) share price will be on watch on Monday after the under fire corporate travel specialist reported high levels of insider buying. CEO Jamie Pherous has taken advantage of the recent share price decline to pick up 115,000 shares for a total consideration of $2.43 million. This could give investor sentiment a much-needed boost.

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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. The Motley Fool Australia owns shares of AFTERPAY T FPO 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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