On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with the smallest of gains. The benchmark index rose slightly to 7,936.9 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX 200 expected to rise again
The Australian share market is expected to rise again on Tuesday following a strong session in the United States. According to the latest SPI futures, the ASX 200 is poised to open the day 32 points or 0.4% higher. In late trade on Wall Street, the Dow Jones is up 1.4%, the S&P 500 has risen 1.7%, and the Nasdaq is 2.15% higher.
Buy Catalyst Metals shares
The Catalyst Metals Ltd (ASX: CYL) share price could be good value according to analysts at Bell Potter. This morning, the broker has upgraded the gold miner's shares to a buy rating with an improved price target of $5.50. In response to news that it is selling its non-core Henty Gold Mine, the broker said: "The transaction makes sense as it simplifies the business, and enables greater focus on the expansion and exploration of the flag ship Plutonic Gold Operation, while adding a low cost and rapid option to unlock value at the Bendigo Project."
Oil prices charge higher
It could be a good session for ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 1.35% to US$69.20 a barrel and the Brent crude oil price is up 1.3% to US$73.10 a barrel. Oil prices rose after US President Donald Trump threatened to put tariffs on countries buying Venezuelan oil.
Premier Investments rated neutral
The Premier Investments Ltd (ASX: PMV) share price is fully valued according to analysts at Goldman Sachs. This morning, the broker has retained its neutral rating with a $22.55 price target. In response to the company's half year results, the broker said: "Net net, our underlying (ex Apparel Brands) FY25-27e Sales and Retail EBIT are changed by +1% to +2% and -2% to +4% reflecting weaker Smiggle and better PA sales."
Gold price falls
ASX 200 gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued session on Tuesday after the gold price edged lower overnight. According to CNBC, the gold futures price is down 0.2% to US$3,014.4 an ounce. The precious metal fell in response to a stronger US dollar.
