5 things to watch on the ASX 200 on Monday

Here's what to expect on the ASX 200 on Monday.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with the smallest of gains. The benchmark index edged higher to 7,148.1 points.

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

ASX 200 expected to fall

The Australian share market looks set to open the week lower following a mixed finish on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 23 points or 0.3% lower on Monday. In the United States, the Dow Jones was up 0.1%, but the S&P 500 edged lower and NASDAQ dropped 0.2%.

Oil prices push higher

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 on Friday night. According to Bloomberg, the WTI crude oil price was up 1.1% to US$81.25 a barrel and the Brent crude oil price climbed 0.8% to US$84.80 a barrel. Slowing US production gave prices a boost.

A2 Milk results

The A2 Milk Company Ltd (ASX: A2M) share price will be on watch this morning when the infant formula company releases its FY 2023 results. Bell Potter is expecting sales to come in at NZ$1,587.3 million, representing an increase of 9.75% year on year. As for earnings, the broker is forecasting EBITDA of NZ$215.4 million and adjusted net profit after tax of NZ$147.5 million. This will mean an increase of 9.8% and 20.3%, respectively, over what it reported in FY 2022.

Gold price rises

ASX 200 gold miners Bellevue Gold Ltd (ASX: BGL) and Northern Star Resources Ltd (ASX: NST) could have a reasonably positive start to the week after the gold price edged higher on Friday night. According to CNBC, the spot gold price was up 0.2% to US$1,918.4 an ounce. This couldn't stop the precious metal from falling over the week amid bets for higher-for-longer interest rates.

Breville results

The Breville Group Ltd (ASX: BRG) share price will be one to watch when the appliance manufacturer releases its full-year results. According to a note out of Morgans, its analysts expect earnings in line with guidance. It notes: "BRG has good control over its variable expenses and we expect little variance in reported profits from the guidance provided in May. That guidance was for EBIT of $165-172m, a range within which our estimate ($169m) sits."

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 recommended A2 Milk. 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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