5 things to watch on the ASX 200 on Tuesday

On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week on a positive note with a 0.5% gain to 5,891.2 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX futures pointing higher.

The ASX 200 looks set to make it two consecutive days of gains on Tuesday. According to the latest SPI futures, the benchmark index is expected to open the day 0.5% or 29 points higher this morning. This follows the release of the Royal Commission final report and a positive night of trade on Wall Street. Late in the U.S. session the Dow Jones is up 0.4%, the S&P 500 has climbed 0.5%, and the Nasdaq has pushed 1% higher.

Bank shares will be on watch.

Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), and the rest of the big four will be on watch today following the release of the Royal Commission final report. The general consensus appears to be that the report wasn’t as bad as it could have been, which may mean the buyers return to the banks this morning.

Oil prices slide.

Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) shares could come under a spot of pressure on Tuesday after oil prices edged lower. According to Bloomberg, the WTI crude oil price is down 1.3% to US$54.56 a barrel and the Brent crude oil price is down 0.3% to US$62.54 a barrel.

Reserve Bank meeting.

This afternoon the Reserve Bank of Australia will meet for the first time in 2019. The central bank will almost certainly keep rates on hold at the record low of 1.5% for yet another month. Investors will be listening for signs that the Reserve Bank still believes the next move with rates is higher.

Goldman upgrades Scentre.

The Scentre Group (ASX: SCG) share price could be on the rise today after a note out of Goldman Sachs revealed that its analysts have upgraded the retail real estate investment trust’s units to a buy rating with an increased price target of $4.75. Goldman likes Scentre as it generates a far stronger return on incremental capital deployed than peers.

Analyst Names 3 ASX Blue Chips for February

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. The Motley Fool Australia has recommended Scentre Group. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!