On Friday the S&P/ASX 200 index finished the week on a positive note, pushing 0.4% higher to 6,310.9 points.
Will the market be able to build on this on Monday? Here are five things to watch:
ASX futures pointing higher.
The Australian share market is poised to start the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 29 points or 0.45% higher this morning. This follows a positive end to the week on Wall Street which saw the Dow Jones rise 0.45%, the S&P 500 push 0.4% higher, and the Nasdaq edge 0.1% higher.
CommBank update.
The Commonwealth Bank of Australia (ASX: CBA) share price will be on watch on Monday when Australia's biggest bank releases its third quarter trading update. A recent note out of Morgan Stanley reveals that its analysts are expecting a 1% decline in cash profit from continuing operations to ~$2.3 billion.
Oil prices mixed.
Australian energy producers including Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) will be on watch this morning after a mixed finish to the week for oil prices. According to Bloomberg, the WTI crude oil price dropped 0.1% to US$61.66 a barrel and the Brent crude oil price pushed 0.3% higher to US$70.62 a barrel.
Gold price higher.
Australian gold miners including Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) could be on the rise today after the gold price pushed higher on Friday. According to CNBC, the spot gold price climbed 0.1% to US$1,286.80 an ounce.
ANZ shares trade ex-dividend.
The Australia and New Zealand Banking Group (ASX: ANZ) share price is likely to trade lower today when the banking giant's shares go ex-dividend for its interim dividend. Eligible shareholders will be paid the fully franked 80 cents per share dividend on July 1. Also trading ex-dividend will be Macquarie Group Ltd (ASX: MQG) shares for its $3.60 per share final dividend.
