5 things to watch on the ASX 200 on Monday 14 November 2022

5 things to watch on the ASX 200 on Monday

Another solid session is expected from the ASX 200 on Monday…

James Mickleboro

Author Bio James Mickleboro is an investment writer and analyst who has worked with The Motley Fool Australia for 10 years, covering ASX shares, market news, broker research, dividends, growth stocks, and long-term investing ideas. Over that time, James has written extensively about Australian equities and developed a particular focus on helping everyday investors understand the stories behind share price moves, company announcements, broker views, and broader market trends. His best investment recommendation was identifying Afterpay while it was still a small-cap growth share, before its rise into one of Australia’s biggest technology success stories. His worst investment lesson came from CSL Ltd (ASX: CSL), where he was burnt by believing management could turn the business around sooner than the market ultimately allowed. Areas of Expertise ASX shares Growth and dividend investing Broker research Interpreting company announcements Market news Portfolio strategy Long-term wealth creation Education Bachelor of Politics, Philosophy and Economics. CFA Institute Social Media LinkedIn Favorite Investment Quote "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price." — Warren Buffett

Published November 14, 2022 6:17 am AEDT

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a stunning gain. The benchmark index rose a whopping 2.8% to 7,158 points.

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

Smiling man with phone in wheelchair watching stocks and trends on computer — Image Source: Getty Images

ASX 200 expected to rise again

The Australian share market looks set to start the week strongly after a good session on Wall Street on Friday night. According to the latest SPI futures, the ASX 200 is expected to open the day 42 points or 0.6% higher this morning. On Wall Street, the Dow Jones was up 0.1%, the S&P 500 rose 0.9%, and the NASDAQ jumped 1.9%.

Oil prices jump

ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a great start to the week after oil prices jumped on Friday night. According to Bloomberg, the WTI crude oil price was up 2.9% to US$88.96 a barrel and the Brent crude oil price rose 2.5% to US$95.99 a barrel. Traders were buying oil after China announced that it was easing some of its COVID curbs.

Flight Centre annual general meeting

The Flight Centre Travel Group Ltd (ASX: FLT) share price will be on watch on Monday when the travel agent giant holds its annual general meeting. Flight Centre is likely to provide a trading update at the event. Investors will finally be able to see if its high level of short interest is justified or not.

Breville named as a buy

The Breville Group Ltd (ASX: BRG) share price could be great value at current levels according to Goldman Sachs. This morning the broker has reiterated its buy rating with a $23.40 price target. The broker commented: "[W]e still see strong growth in BRG with FY22-25e total revenue CAGR of ~9% and NPAT CAGR of ~12%."

Gold price rises

Gold giants Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price rose again on Friday. According to CNBC, the spot gold price was 0.9% to US$1,769.4 an ounce during the session. A softer US dollar boosted the price of the precious metal.

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