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5 things to watch on the ASX 200 on Monday

On Friday the S&P/ASX 200 index ended the week on a positive note. The benchmark index rose 0.4% to 6,821.7 points.

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

ASX 200 expected to slide. 

It looks set to be a disappointing start to the week for the S&P/ASX 200 index. According to the latest SPI futures, the ASX 200 is poised to fall 0.3% or 22 points at the open. On Wall Street the Dow Jones rose 0.1%, the S&P 500 was flat, and the Nasdaq index fell 0.2%.

Oil prices edge higher.

It could be a positive start to the week for energy shares such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) after oil prices edged higher. According to Bloomberg, the WTI crude oil price rose 0.1% to US$61.72 a barrel and the Brent crude oil price climbed 0.4% to US$68.16 a barrel. Oil prices were given a boost after US stockpiles dropped.

Gold price higher.

Gold miners such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch on Monday after the spot gold price pushed higher again. According to CNBC, the spot gold price pushed a further 0.25% higher to US$1,518.10 an ounce.

Tech shares on watch.

Australian tech shares including Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX) could come under pressure on Monday after their U.S. counterparts tumbled lower on Friday. Local tech shares have a tendency to follow the lead of the technology-focused Nasdaq index, which fell 0.2% on Friday night.

Shares going ex-dividend.

A large number of income shares are trading ex-dividend this morning for their latest pay outs and could trade lower. This includes property company Mirvac Group (ASX: MGR), airport operator Sydney Airport Holdings Pty Ltd (ASX: SYD), and toll road giant Transurban Group (ASX: TCL).

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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 Sydney Airport Holdings Limited and Transurban Group. The Motley Fool Australia owns shares of Altium and Appen Ltd. 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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