On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in the red. The benchmark index fell 0.65% to 8,769.7 points.
Will the market be able to bounce back from this on Monday? Here are five things to watch:
Image source: Getty Images
ASX 200 expected to rise
The Australian share market looks set for a relatively positive start to the week following a mixed finish to the last one on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 23 points or 0.30% higher. In the United States, the Dow Jones was up 0.15%, the S&P 500 rose 0.15%, but the Nasdaq dropped 0.2%.
Oil prices push higher
It could be a positive start to the week for ASX 200 energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price was up 0.55% to US$59.75 a barrel and the Brent crude oil price was up 0.4% to US$63.63 a barrel. This couldn't stop oil prices recording their second consecutive weekly decline amid oversupply concerns.
ANZ results
ANZ Group Holdings Ltd (ASX: ANZ) shares will be on watch today when the banking giant releases its full year results. According to a note out of Macquarie Group Ltd (ASX: MQG), its analysts expect the big four bank to report operating income of $22.4 billion, operating expenses of $12.74 billion, and cash earnings of $6.383 billion. The latter is in line with the consensus estimate of $6.386 billion.
Gold price rises
ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could start the week positively after the gold price pushed higher on Friday night. According to CNBC, the gold futures price was up 0.4% to US$4,007.8 an ounce. This was driven by a weaker US dollar and concerns over the US government shutdown.
Buy REA Group shares
REA Group Ltd (ASX: REA) shares are in the buy zone according to analysts at Bell Potter. This morning, in response to the property listings company's first quarter update, the broker has retained its buy rating on its shares with a trimmed price target of $244.00. It said: "REA's strong FCF profile allows for sustained platform reinvestment to target double-digit yield growth through the cycle, including a next-gen listings platform to drive CX and higher quality leads to vendors/value to agents. REA commands significant balance sheet (net cash, nil debt) and equity firepower at 42.7x FY26e EPS to make most relevant acquisitions accretive globally."
