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5 things to watch on the ASX 200 on Monday

ASX share
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On Friday the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index jumped 1.5% to 5,904.1 points.

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

ASX 200 set to fall heavily.

The ASX 200 looks set to fall heavily on Monday after a selloff on Wall Street on Friday. According to the latest SPI futures, the benchmark index is expected to open the week 91 points or 1.55% lower. On Wall Street the Dow Jones fell 2.8%, the S&P 500 dropped 2.4%, and the Nasdaq index tumbled 2.6%. A spike in coronavirus cases weighed on investor sentiment.

Oil prices edge lower.

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could drop lower today after oil prices softened. According to Bloomberg, the WTI crude oil price fell 0.6% to US$38.49 a barrel and the Brent crude oil price edged 0.1% lower to US$41.02 a barrel. Concerns over the spike in coronavirus cases weighed on prices.

Gold price jumps.

Gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a positive day after the gold price jumped higher. According to CNBC, the spot gold price rose 0.8% higher to US$1,784.80 an ounce. Demand for safe haven assets rose after equities tumbled.

Fisher & Paykel Healthcare results.

The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price will be on watch today when it releases its full year results. In March the medical device company revealed that it expects full year operating revenue to be approximately NZ$1.24 billion. On the bottom line, it has forecast net profit after tax in the range of NZ$275 million to NZ$280 million. Investors will no doubt be interested to hear if demand for ventilators has remained strong since the end of its financial year.

Shares going ex-dividend.

A number of popular ASX 200 shares are going ex-dividend this morning and could trade lower. These include the likes of BWP Trust (ASX: BWP), Charter Hall Group (ASX: CHC), DEXUS Property Group (ASX: DXS), Goodman Group (ASX: GMG), and Mirvac Group (ASX: MGR).

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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.

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