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5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 index finished the week on a positive note thanks to positive trade war developments. The benchmark index climbed 0.5% higher to 6,647.3 points.

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

ASX 200 expecting to slide.

It looks set to be a reasonably subdued start to the week for the local share market. According to the latest SPI futures, the ASX 200 index is expected to open the day 6 points or 0.1% lower following a mixed night of trade on Wall Street on Friday after a weak U.S. jobs report. In the United States the Dow Jones rose 0.3%, the S&P 500 climbed 0.1%, and the Nasdaq dropped 0.2%.

Oil prices push higher.

The shares of Australian energy producers such as Beach Energy Ltd (ASX: BPT) and Oil Search Limited (ASX: OSH) could be on the rise this morning after oil prices climbed higher on Friday night. According to Bloomberg, the WTI crude oil price pushed 0.4% higher to US$56.52 a barrel and the Brent crude oil price climbed 1% to US$61.54 a barrel.

Platinum on watch.

The Platinum Asset Management Ltd (ASX: PTM) share price will be on watch this morning following the release of its funds under management (FUM) update late on Friday. According to the release, Platinum’s FUMs fell a further 3% in August to $24.4 billion. The fund manager experienced net outflows of $407 million during the month.

Gold price sinks.

Gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could come under pressure again on Monday after comments out of U.S. Federal Reserve chairman Jerome Powell led to the gold price dropping lower. According to CNBC, the spot gold price dropped 0.7% to US$1,508 per ounce.

Shares going ex-dividend.

Once again, another group of shares are due to go ex-dividend this morning and could trade lower. This includes food company Bega Cheese Ltd (ASX: BGA), fuel retailer Caltex Australia Limited (ASX: CTX), waste management giant Cleanaway Waste Management Ltd (ASX: CWY), and miner and mining services company Mineral Resources Limited (ASX: MIN).

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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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