5 things to watch on the ASX 200 next week

Bega Cheese Ltd (ASX:BGA), BHP Group Ltd (ASX:BHP), and TPG Telecom Ltd (ASX:TPM) shares will be on watch on the ASX 200 next week…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Last week was one to forget for Australian investors. Global markets were sold off due to the coronavirus outbreak, leading to the S&P/ASX 200 index falling 9.8% to finish at 6441.2 points.

Will things be better next week? Here are five things to watch:

Wall Street falls again.

The S&P/ASX 200 looks set to extend its decline on Monday after Wall Street continued to slide on Friday night. The Dow Jones fell 1.4% and the S&P 500 dropped 0.8%. Positively, the Nasdaq index rebounded from a heavy early decline to finish flat. Current SPI futures are pointing to the S&P/ASX 200 index opening the week 40 points lower.

Reserve Bank meeting on Tuesday.

The Reserve Bank will be holding its second meeting of the year on Tuesday. Although there have been calls for the central bank to cut rates to support the economy and the market during the coronavirus crisis, the market doesn't believe a cut is coming just yet. The latest ASX 30 Day Interbank Cash Rate Futures are pointing to only an 11% probability of a rate cut to 0.5%.

TPG Telecom results.

The TPG Telecom Ltd (ASX: TPM) share price will be on watch on Thursday when the telco giant releases its half year results. According to a note out of Goldman Sachs, its analysts expect TPG Telecom to report a 1% increase in revenue to $1,243 million and a 41% decline in net profit after tax. The market will also be watching for any changes to its guidance. TPG Telecom expects BAU EBITDA of $735 million to $750 million in FY 2020.   

Bega Cheese returns from its trading halt.

The Bega Cheese Ltd (ASX: BGA) share price is due to return from its trading halt on Monday. Last week it requested the halt and postponed the release of its half year results due to a delay in their finalisation. The company revealed that it has identified data errors which resulted in a misstatement that may require a prior year adjustment. One positive is that management appears confident it won't impact its FY 2020 guidance.

Shares going ex-dividend.

A number of popular ASX 200 shares are due to trade ex-dividend for their latest payouts next week. These include airline operator Qantas Airways Limited (ASX: QAN) on Monday, conglomerate Woolworths Group Ltd (ASX: WOW) on Wednesday, and mining giant BHP Group Ltd (ASX: BHP) on Thursday.

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.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »