On Friday, the S&P/ASX 200 Index (ASX: XJO) was under pressure and dropped into the red. The benchmark index fell 0.3% to 8,807.1 points.
Will the market be able to bounce back from this on Monday? Here are five things to watch:
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ASX 200 expected to rise
The Australian share market looks set to edge higher on Monday following a good finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 5 points higher. In the United States, the Dow Jones was up 0.5%, the S&P 500 rose 0.8%, and the Nasdaq charged 1% higher.
Oil prices mixed
It could be a reasonable start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices traded mixed on Friday night. According to Bloomberg, the WTI crude oil price was flat at US$63.88 a barrel and the Brent crude oil price was up 0.25% to US$66.59 a barrel. This couldn't stop oil prices from tumbling almost 5% over the course of the week.
JB Hi-Fi results
The JB Hi-Fi Ltd (ASX: JBH) share price will be on watch today when the retail giant releases its full year results. According to a note out of Bell Potter, its analysts are expecting JB Hi-Fi to report a 6% increase in earnings before interest and tax (EBIT) to $687.1 million. Though, the consensus estimate is higher at $701 million. The broker has also pencilled in full year dividends per share of $2.70. This will be a 3% increase on the prior corresponding period.
Gold price storm higher
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a great start to the week after the gold price jumped again on Friday night. According to CNBC, the gold futures price was up 1.1% to US$3,491.3 an ounce. Rate cut hopes gave the precious metal a significant boost last week.
Buy Elders shares
The Elders Ltd (ASX: ELD) share price is great value according to the team at Bell Potter. This morning, the broker has reaffirmed its buy rating on the agribusiness company's shares with an improved price target of $9.45. It said: "Our Buy rating is unchanged. We view the drawn-out Delta ACCC saga as masking the material improvement in the baseline drivers of the ELD business as we approach FY26e, those being: (1) a material acceleration in crop input and livestock pricing indicators; and (2) an improved 2H25-1H26 seasonal outlook. We forecast CAGR double digit EPS growth to FY27e on baseline drivers, with Delta having the scope to be ~10% accretive to FY26e EPS."
