5 things to watch on the ASX 200 on Monday

The ASX 200 is expected to start the week on a very positive note.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a small decline. The benchmark index fell 0.2% to 7,073.2 points.

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

ASX 200 expected to jump

The Australian share market looks set to open the week notably higher following a solid finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 65 points or 0.9% higher on Monday. In the United States, the Dow Jones was up 0.8%, the S&P 500 rose 0.6%, and the NASDAQ climbed 0.55%.

Oil prices fall

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could start the week in the red after oil prices fell on Friday night. According to Bloomberg, the WTI crude oil price was down 2% to US$74.38 a barrel and the Brent crude oil price was down 2% to US$78.88 a barrel. Underwhelming OPEC cuts and a higher US rig count weighed on prices.

Origin takeover vote

Origin Energy Ltd (ASX: ORG) shares will be on watch today when the energy giant's shareholders vote on its takeover by Brookfield and EIG. With its largest shareholder, AustralianSuper, planning to reject the $9.39 cash per share proposal, the takeover is widely expected to fall short of the required votes.

Goodman rated as a buy

Goodman Group (ASX: GMG) shares are in the buy zone according to analysts at Citi. Its analysts have retained their buy rating on the industrial property company's shares with an improved price target of $25.50. The broker said: "We retain our Buy rating on GMG, which is our top pick in the Australian real estate space. Core industrial markets continue to remain tight and despite higher cap rates, valuations have held ground due to the unprecedented rental growth."

Gold price jumps

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a strong start to the week after the gold price jumped on Friday. According to CNBC, the spot gold price was up 1.7% to US$2,091.7 an ounce. Traders are betting on the US Federal Reserve cutting interest rates in March.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Goodman Group. The Motley Fool Australia has recommended Goodman Group. 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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