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5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished the week with a day in the red, but ultimately recorded a 3.6% weekly gain.

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

ASX futures pointing lower.

The Australian share market looks set to open the week on a subdued note. According to the latest SPI futures, the ASX 200 is poised to open 0.1% or 4 points lower on Monday. This follows a mixed night of trade on Wall Street on Friday which saw the Dow Jones fall 0.25%, the S&P 500 edge 0.1% higher and the Nasdaq push 0.15% higher.

Oil prices edge higher.

Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) shares may rebound from their sharp declines on Friday after oil prices edged higher at the end of the week. According to Bloomberg, the WTI crude oil price lifted 0.15% higher to US$52.72 a barrel and the Brent crude oil price rose 0.8% to US$62.10 a barrel.

JB Hi-Fi results.

The JB Hi-Fi Limited (ASX: JBH) share price will be one to watch this morning when it releases its first half results. Short sellers have been targeting the company due to the belief that the housing market slowdown has hit its business hard. According to Goldman Sachs, it is looking for first half group sales of A$3,842 million and EBIT of A$232.3 million.

Bendigo and Adelaide Bank results.

Regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN) is due to release its half year results this morning. This will be the first update since the bank restructured its business with its strategy aiming to make it “Australia’s bank of choice”. The market will no doubt be looking to see what impact this has had.

Amcor results.

The Amcor Limited (ASX: AMC) share price will be on watch on Monday when it releases its half year results. All eyes will be on whether the packaging giant was able to offset higher raw material costs. The company is also likely to provide an update on its planned Bemis acquisition.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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