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 8,663.7 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 looks set to rise on Tuesday following a strong start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 79 points or 0.9% higher. In the United States, the Dow Jones was up 1.3%, the S&P 500 rose 1.5%, and the Nasdaq jumped 2%.
Hold Endeavour shares
Endeavour Group Ltd (ASX: EDV) shares are a hold according to Bell Potter. This follows news that the drinks retailer's chairman has resigned and that its earnings are expected to be in line with estimates in FY 2026. It said: "We retain our Hold rating and make minor EPS revisions. We see upside to FY26e VA consensus Retail revenue estimates if liquor spending growth picks up due to falling interest rates. However, the competitive threat presented by lower prices at Liquorland suggests margins are likely to be pressured in FY26e." Bell Potter has a hold rating and $4.50 price target on its shares.
Oil prices tumble
It could be a tough session for ASX 200 energy shares such as Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 1.9% to US$66.05 a barrel and the Brent crude oil price is down 1.6% to US$68.56 a barrel. Traders were selling oil in response to news that OPEC is planning to increase its output in September.
Buy WiseTech shares
WiseTech Global Ltd (ASX: WTC) shares are a buy according to Bell Potter. This morning, the broker has reaffirmed its buy rating and $135.00 price target on the logistics solutions technology company's shares. This follows news that the e2open acquisition has been completed earlier than it had expected. It said: "We have updated our forecasts for the earlier-than-expected completion of the acquisition. The only changes, however, are in FY26 where we now assume e2open contributes for c.11 months rather than our previous assumption of c.9 months. The net result is revenue, EBITDA and NPAT/EPS upgrades of 7%, 5% and 4%."
Gold price rises
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a good session after the gold price charged higher overnight. According to CNBC, the gold futures price is up 0.9% to US$3,429.8 an ounce. US rate cut optimism gave the precious metal a boost.
