On Monday the S&P/ASX 200 index fought back from a day in the red to finish it just a fraction higher at 6,251.4 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX futures pointing lower.
According to the latest SPI futures, the ASX 200 is expected to open the day lower on Tuesday. This follows a soft night of trade on Wall Street overnight which saw the Dow Jones open the week 0.1% lower, the S&P 500 down 0.05%, and the Nasdaq 0.1% lower.
Blackmores third quarter result.
The Blackmores Limited (ASX: BKL) share price will be on watch this morning when it releases its third quarter results. According to a note out of Goldman Sachs, it expects the health supplements company to report sales of $186.1 million and EBIT of $20.7 million. This represents a decline of 1% and 18%, respectively, on the prior corresponding period.
Nearmap to be added to the ASX 200.
The Nearmap Ltd (ASX: NEA) share price could be given a boost today after a late announcement revealed that the aerial imagery technology company would replace MYOB Group Ltd (ASX: MYO) in the ASX 200 index. MYOB will be removed on April 24 due to its takeover by KKR & Co Inc.
Oil prices start the week lower.
Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) shares will be on watch after oil prices started the week on a disappointing note note. According to Bloomberg, the WTI crude oil price dropped 0.6% to US$63.50 a barrel and the Brent crude oil price fell 0.4% to US$71.25 a barrel.
Gold price down.
Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) shares could extend their declines on Tuesday after the gold price dropped lower overnight. According to CNBC, the spot gold price is down 0.3% to US$1,290 an ounce after trade deal optimism boosted risk appetite.