The Motley Fool

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.

Dividend shares to beat the rate cuts.

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 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have 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 2.7% 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.