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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 subdued note. The benchmark index finished the day a few points lower at 6,724.1 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 rise.   

The S&P/ASX 200 index looks set to start the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open 27 points or 0.4% higher this morning. This follows a positive end to the week on Wall Street which saw the Dow Jones trade flat, the S&P 500 climb 0.25%, and the Nasdaq push 0.5% higher.

Oil prices rise.

Energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could be on the rise today after oil prices pushed higher on Friday. According to Bloomberg, the WTI crude oil price rose 0.15% to US$57.24 a barrel and the Brent crude oil price climbed 0.35% to US$62.51 a barrel.

Gold price continues its slide.

Australia’s gold miners were sold off on Friday after the gold price crashed lower. Unfortunately for the likes of Northern Star Resources Ltd (ASX: NST) and Resolute Mining Limited (ASX: RSG), gold prices have continued to soften. According to CNBC, the spot gold price fell a further 0.25% to US$1,462.90 an ounce. Trade deal hopes sent the gold price to a three-month low.

Shares going ex-dividend.

The shares of Australia and New Zealand Banking Group (ASX: ANZ) and Macquarie Group Ltd (ASX: MQG) could drop lower today after trading ex-dividend. ANZ will be paying eligible shareholders its 80 cents per share partially franked dividend on December. Macquarie is paying its $2.50 per share partially franked dividend on the same day.

REA Group rated as a buy.

The REA Group Limited (ASX: REA) share price will be one to watch on Monday. Its shares tumbled lower on Friday after the release of a softer than expected first quarter update. One broker that sees this as a buying opportunity is Goldman Sachs. It has retained its buy rating but trimmed its price target slightly to $122.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended REA Group Limited. 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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