On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in a positive fashion. The benchmark index rose 0.25% to 7,406.2 points.
Will the market be able to build on this on Monday? Here are five things to watch:
ASX 200 expected to push higher
The Australian share market looks set to start the week on a positive note. This follows a decent finish to week on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 34 points or 0.45% higher this morning. On Wall Street, the Dow Jones rose 0.45%, the S&P 500 climbed 0.5%, and the Nasdaq bucked the trend by falling 0.15%.
Oil prices rise again
Energy producers Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a decent start to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 1.4% to US$113.90 a barrel and the Brent crude oil price rose 1.35% to US$120.65 a barrel. News of a missile attack on a Saudi Aramco facility in Jeddah boosted prices.
Endeavour shares given conviction buy rating
The Endeavour Group Ltd (ASX: EDV) share price could be great value according to analysts at Goldman Sachs. This morning the broker initiated coverage on the alcohol retailer with a conviction buy rating and $8.00 price target. Goldman believes Endeavour's advantage in scaled consumer assets and loyalty give it an omni-channel strategy edge.
Gold price falls
Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a poor start to the week after the gold price weakened on Friday night. According to CNBC, the spot gold price fell 0.4% to US$1,959.8 an ounce. The gold price dipped after bond yields rose.
BHP dividend being paid
It's a great day for BHP Group Ltd (ASX: BHP) shareholders on Monday. Later today the Big Australian will be paying eligible shareholders its massive $2.08 per share fully franked interim dividend. Other dividend payers include Endeavour Group and IDP Education Ltd (ASX: IEL).
