5 things to watch on the ASX 200 on Monday

It looks set to be a good start to the week for Aussie investors.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week deep in the red. The benchmark index sank 1.1% to 7,727.6 points.

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

ASX 200 expected to rebound

The Australian share market looks set to rebound on Monday following a strong finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 47 points or 0.6% higher. On Friday in the United States, the Dow Jones was up slightly, the S&P 500 rose 0.7%, and the Nasdaq jumped 1.1%.

Oil prices rise

ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a good start to the week after oil prices climbed on Friday. According to Bloomberg, the WTI crude oil price was up 1.1% to US$77.72 a barrel and the Brent crude oil price was up 0.9% to US$82.12 a barrel. This was driven by optimism over rising demand as the summer driving season gets underway in the Northern Hemisphere.

Lendlease asset sale rumours

The Lendlease Group (ASX: LLC) share price will be on watch today amid rumours the global property company is about to make a big announcement. According to the AFR, Lendlease intends to end all international property development and sell its overseas construction divisions. The latter will see the company reportedly offload over $4 billion worth of assets, mostly in the United States and United Kingdom.

Gold price softens

ASX 200 gold mining shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price edged lower on Friday. According to CNBC, the spot gold price was down 0.1% to US$2,356.9 an ounce. Rate cut doubts weighed on the precious metal.

Bendigo and Adelaide Bank rated neutral

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is fully valued according to analysts at Goldman Sachs. This morning, the broker has retained its neutral rating with a $10.51 price target. This is a touch lower than where the regional bank's shares currently trade. It said: "Until we see more evidence that the company can deliver a sustained improvement in its ROE, we are reticent to capitalise the material upside to PPOP that a 50% CTI would deliver to shareholders. Therefore, with the stock implying -3% downside to our A$10.51 target price, in the middle of our A&NZ coverage, we reiterate our Neutral recommendation."

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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 has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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