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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 high. The benchmark index raced 0.9% higher to end it at 6,606.8 points.

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

ASX 200 expected to rise.   

It looks set to be a positive start to the week for the S&P/ASX 200 index after positive trade talk developments sent Wall Street hurtling higher on Friday. According to the latest SPI futures, the ASX 200 is poised to rise 0.5% or 34 points at the open. On Wall Street the Dow Jones rose 1.2%, the S&P 500 climbed 1.1%, and the Nasdaq raced 1.3% higher.

Oil prices surge higher.

The shares or energy producers Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could be on the rise today after oil prices surged higher. According to Bloomberg, the WTI crude oil price climbed 2.15% to US$54.70 a barrel and the Brent crude oil price rose 2.4% to US$60.51 a barrel after attacks on Iranian oil tankers.

Gold price slides.

It looks set to be a disappointing day of trade for gold miners such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) after the spot gold price tumbled lower. According to CNBC, the spot gold price fell 0.8% to US$1,488.7 an ounce after global share markets pushed higher.

Shares trading ex-dividend.

A number of shares are due to trade ex-dividend this morning and could edge lower. These include logistics solutions company Brambles Limited (ASX: BXB) and telco giant TPG Telecom Ltd (ASX: TPM). They will be paying dividends of 17 cents per share and 2 cents per share, respectively, in the coming weeks.

Fisher & Paykel upgrades guidance.

The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price could be on the move today after the sleep treatment focused medical device company upgraded its full year guidance following the successful launch of a new device. The company made the move after it received regulatory clearance to sell its F&P Vitera mask in the United States. It is the company’s new full face mask used in the treatment of obstructive sleep apnea.

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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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