5 things to watch on the ASX 200 on Monday

Another big day is expected on the ASX 200 on Monday and there are some key results to look out for…

Smiling man with phone in wheelchair watching stocks and trends on computer

Image Source: Getty Images

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

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a disappointing note. The benchmark index fell 0.9% to 7,346.8 points.

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

ASX 200 futures largely flat

The Australian share market looks set to have a subdued session on Monday following another mixed finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day a single point lower this morning. On Wall Street, the Dow Jones was up 0.4% but the S&P 500 fell 0.3% and the NASDAQ dropped 0.6%.

Oil prices tumble

ASX 200 energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a tough start to the week after oil prices tumbled on Friday. According to Bloomberg, the WTI crude oil price was down 2.7% to US$76.34 a barrel and the Brent crude oil price fell 2.5% to US$83.00 a barrel. This was driven by concerns that interest rate hikes could weigh on demand and comes at a time of mounting signs of ample crude and fuel supply.

A2 Milk half year results

The A2 Milk Company Ltd (ASX: A2M) share price will be one to watch on Monday when the infant formula company releases its highly anticipated half year results. According to CommSec, the market is expecting the company to return to form in FY 2023 and report a first half net profit after tax of NZ$60.6 million. No dividend is expected to be paid, but A2 Milk is sitting on a huge cash balance, so it cannot be ruled out.

Bendigo and Adelaide Bank results

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price will be one to watch closely. This morning, the regional bank is scheduled to release its half year results. According to a note out Goldman Sachs, its analysts expect cash earnings growth of 7.9% to $281.3 million. This will be ahead of consensus estimate of $275.2 million. The broker also expects an interim 32 cents per share dividend, compared to the consensus estimate of 29 cents per share.

Gold price softens

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a subdued start to the week after the gold price softened on Friday night. According to CNBC, the spot gold price edged a fraction lower to $1,851.30 per ounce. This led to the precious metal recording its third weekly decline in a row.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended A2 Milk. 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 »