The Motley Fool

5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 index ended the week with a disappointing decline. The benchmark index fell 0.5% to 6,649.7 points.

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

ASX 200 expected to drop. 

It looks set to be a soft start to the week for the S&P/ASX 200 index. This follows a disappointing end on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is poised to fall 0.2% or 14 points at the open. On Wall Street the Dow Jones fell 0.95%, the S&P 500 dropped 0.4%, and the Nasdaq tumbled 0.8% lower.

Oil prices slide.

Oil Search Limited (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could come under pressure this morning after oil prices dropped lower on Friday night. According to Bloomberg, the WTI crude oil price fell 0.3% to US$53.78 a barrel and the Brent crude oil price dropped 0.8% to US$59.42 a barrel. Weak Chinese economic data weighed on oil prices.

Gold price lower.

The likes of Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch today after the spot gold price edged lower at the end of the week. According to CNBC, the spot gold price dropped 0.3% to US$1,494.1 an ounce.

WiseTech Global returns.

The WiseTech Global Ltd (ASX: WTC) share price looks set to crash lower again on Monday when it returns from its trading halt following a short seller attack. Although the logistics solutions company provided a comprehensive response to the report, investors appear to be panic selling.

CYBG on watch

The CYBG PLC (ASX: CYB) share price was the best performer on the ASX 200 index last week. But its shares look set to come under pressure on Monday amid Brexit concerns. At the weekend MPs voted to ask for a delay for Brexit, but prime minister Boris Johnson refused to sign a letter requesting it. This could mean the UK crashes out of the EU next week without a deal.

Dividends to beat low rates.

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement. In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!