On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a subdued fashion. The benchmark index dropped 0.1% to 8,853 points.
Will the market be able to bounce back from this on Tuesday? Here are five things to watch:
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ASX 200 expected to rebound
The Australian share market looks set to rise on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 43 points or 0.5% higher. In the United States, the Dow Jones was up 0.1%, the S&P 500 rose 0.5%, and the Nasdaq charged 0.95% higher.
Qantas shares go ex-dividend
Qantas Airways Ltd (ASX: QAN) shares are due to go ex-dividend on Tuesday and are likely to trade lower. Last month, the airline operator released its FY 2025 results and revealed a fully franked final dividend of 16.5 cents per share and a fully franked special dividend of 9.9 cents per share. These dividends, totalling 26.4 cents per share, will be paid to eligible shareholders next month on 15 October.
Oil prices rise
It looks set to be a good session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1% to US$63.34 a barrel and the Brent crude oil price is up 0.8% to US$67.51 a barrel. Traders were buying oil after Russian energy production was impacted by attacks.
Buy EBR shares
The EBR Systems Inc (ASX: EBR) share price could be dirt cheap according to analysts at Bell Potter. This morning, the broker has put a buy rating and $2.25 price target on the medical device company's shares. It said: "Early adopter usage and momentum behind leadless pacing technology, provides an exciting back drop to the start of the commercial launch of the WiSE system. Given a number of procedures have occurred in the pre-reimbursement environment, news flow re utilisation momentum in the first quarter of reimbursement should be a positive catalyst to support the share price."
Gold price hits record high
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a good session on Tuesday after the gold price raced to a record high overnight. According to CNBC, the gold futures price is up 0.95% to US$3,721.4 an ounce. The precious metal rose after the US dollar and Treasury yields eased.
