On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with the smallest of gains. The benchmark index rose a fraction to 8,361 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
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ASX 200 expected to rise again
The Australian share market is expected to rise on Tuesday after Donald Trump delayed putting tariffs on the EU. According to the latest SPI futures, the ASX 200 is poised to open the day 27 points or 0.3% higher. Wall Street was closed for a public holiday. However, Dow Jones futures are up 1.1%, S&P 500 futures are up 1.3%, and Nasdaq futures are up 1.5%. This suggests that a good session awaits investors in the US tonight.
Buy Elders shares
Investors should be buying the dip in the Elders Ltd (ASX: ELD) share price according to Bell Potter. This morning, in response to its half year results, the broker has retained its buy rating and $9.10 price target on the agribusiness company's shares. It said: "Our Buy rating is unchanged. Seasonal conditions look broadly comparable to a year ago, with three-month rainfall projections crucial for crop development. In addition, the strong tailwinds witnessed in livestock through 1H25 have continued into 3Q25."
Oil prices largely flat
It could be a mixed session for ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) after oil prices traded largely flat overnight. According to Bloomberg, the WTI crude oil price is flat at US$61.53 a barrel and the Brent crude oil price is up a fraction to US$64.81 a barrel. This was despite oil being given a boost from Trump's EU trade talk extension until July.
Buy WiseTech shares
WiseTech Global Ltd (ASX: WTC) shares are a buy according to Goldman Sachs. In response to the announcement of a blockbuster acquisition, the broker has reaffirmed its buy rating with a price target of $126.00. It said: "The proposed acquisition would deliver a step change in WTC ability to deliver on its goal of being the operating system for global trade and logistics (prior global logistics), with ETWO bringing significant and complementary product and customer relationships, allowing WTC to broaden its Cargowise platform across the entire logistics ecosystem, to pursue the US$57bn global supply chain/logistics market (2029, +16% CAGR), per the company."
Gold price falls
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued session after the gold price fell overnight. According to CNBC, the gold futures price is down 0.7% to US$3,342.2 an ounce. Traders were selling gold after Trump extended his EU tariff deadline.
