On Friday the S&P/ASX 200 Index (ASX: XJO) followed the lead of international markets and dropped notably lower. The benchmark index fell 1.9% to 5,847.8 points.
Will the market be able to bounce back from this on Monday? Here are five things to watch:
ASX 200 to rebound.
The ASX 200 looks set to rebound on Monday after a solid finish to the week in the United States. According to the latest SPI futures, the benchmark index is expected to open the week 24 points or 0.4% higher this morning. On Wall Street the Dow Jones jumped 1.9%, the S&P 500 stormed 1.3% higher, and the Nasdaq index rose 1%.
Oil prices mixed.
Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) will be on watch after a mixed end to the week for oil prices. According to Bloomberg, the WTI crude oil price fell 0.2% to US$36.26 a barrel and the Brent crude oil price rose 0.5% to US$38.73 a barrel. This meant oil prices ended their six-week winning streak.
Healius sells medical centres.
The Healius Ltd (ASX: HLS) share price could be on the move today amid speculation that the healthcare company has agreed a deal to sell its medical centres. The company is believed to have agreed a fee of $500 million with BGH Capital for the assets.
Gold price edges lower.
Gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged lower on Friday. According to CNBC, the spot gold price fell 0.15% to US$1,737.30 an ounce.
Auction rates improve.
Domain Holdings Australia Ltd (ASX: DHG) and REA Group Limited (ASX: REA) shares could be on the move today after Sydney and Melbourne auction clearance rates improved. According to Domain, 69.5% of Sydney home taken to auction last week were sold. Whereas in the Melbourne market, 57% of properties that went to auction were sold.
