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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) edged lower, leading to a 0.5% decline for the week.

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

ASX futures pointing higher.

The Australian share market looks set to start the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 0.6% or 35 points higher on Monday. This follows a positive end to the week on Wall Street which saw the Dow Jones climb 0.5%, the S&P 500 rise 0.5%, and the Nasdaq index push almost 0.8% higher.

Oil prices lower.

Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) shares will be on watch on Monday after oil prices finished a strong week on a subdued note. According to Bloomberg, the WTI crude oil price dropped 0.15% to US$58.52 a barrel and the Brent crude oil price fell 0.1% to US$67.16 a barrel.

Gold price rebounds.

Gold miners including Resolute Mining Limited (ASX: RSG) and St Barbara Ltd (ASX: SBM) dropped lower on Friday after fears of a no-deal Brexit eased. These miners could bounce back on Monday after the spot gold price rebounded. According to CNBC, the spot gold price rose 0.6% on Friday to US$1,302.3 an ounce.

Shares trading ex-dividend.

Another group of shares are due to trade ex-dividend this morning and are likely to edge lower. These include telecommunications company Chorus Ltd (ASX: CNU) and All Ordinaries shares such as dental service providers 1300 Smiles Limited (ASX: ONT) and Pacific Smiles Group Ltd (ASX: PSQ) and travel company Sealink Travel Group Ltd (ASX: SLK).

Coca-Cola Amatil on the hunt for acquisitions?

The Coca-Cola Amatil Ltd (ASX: CCL) share price will be on watch this morning after the AFR reported that it could be teaming up with Freedom Foods Group Ltd (ASX: FNP) for an acquisition. According to the report, Coca-Cola Amatil is interested in acquiring the Kirin-owned Lion Dairy and Drinks portfolio, which includes the Dairy Farmers and Dare brands.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended 1300SMILES Limited, Coca-Cola Amatil Limited, and Freedom Foods Group 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.

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