5 things to watch on the ASX 200 on Monday

The ASX 200 is expected to have a poor start to the week.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in a subdued fashion. The benchmark index fell 0.25% to 7,340.1 points.

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

ASX 200 expected to fall again

The Australian share market looks set to open the week lower following a reasonably poor finish to the last one on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 30 points or 0.4% lower on Monday. In the United States, the Dow Jones was up 0.3%, but the S&P 500 fell 0.1% and NASDAQ dropped 0.7%.

Oil prices continue their rise

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a positive start to the week after oil prices pushed higher again on Friday night. According to Bloomberg, the WTI crude oil price was up 0.45% to US$83.19 a barrel and the Brent crude oil price climbed 0.5% to US$86.81 a barrel. This was the seventh week in a row of gains for oil prices. Friday's gains were driven by record demand forecasts. Beach will also be releasing its results this morning.

Bendigo and Adelaide Bank results

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price will be on watch on Monday when the regional bank releases its FY 2023 results. According to a note out of Goldman Sachs, its analysts are expecting second-half cash earnings of $272.3 million (consensus: $296.5 million) and a final dividend of 31 cents per share. Goldman expects FY 2023 cash earnings of $567 million (consensus: $591.2 million).

Gold price falls

ASX 200 gold miners Bellevue Gold Ltd (ASX: BGL) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price fell on Friday night. According to CNBC, the spot gold price was down 0.15% to US$1,945.7 an ounce. The precious metal had its worst week in almost two months amid a stronger US dollar and bond yields.

Other results

It is a busy day of results releases on Monday with Ansell Limited (ASX: ANN), Aurizon Holdings Ltd (ASX: AZJ), Beach, Carsales.Com Ltd (ASX: CAR), and Lendlease Group (ASX: LLC) among the many ASX 200 shares releasing results. In respect to Aurizon and Carsales, Goldman Sachs expects EBITDA of $1,428 million and $420.8 million, respectively.

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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended Ansell, Aurizon, and Carsales.com. 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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