On Monday, the S&P/ASX 200 Index (ASX: XJO) was back on form and started the week strongly. The benchmark index rose 0.75% to 8,835.9 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
Image Source: Getty Images
ASX 200 expected to rise
The Australian share market looks set to rise on Tuesday following a poor start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 39 points or 0.45% higher. In late trade in the United States, the Dow Jones is up 0.75%, the S&P 500 is 1.5% higher, and the Nasdaq has jumped 2.2%.
NAB shares go ex-dividend
National Australia Bank Ltd (ASX: NAB) shares are due to go ex-dividend this morning and could trade lower. Last week, the big four bank released its full year results and revealed cash earnings of $7,091 million. While this was down year on year, it didn't stop the NAB board from increasing its full year dividend to 170 cents per share. Eligible shareholders can now look forward to receiving NAB's fully franked final dividend of 85 cents per share next month on 12 December.
Oil prices rise
It could be a decent 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 0.6% to US$60.09 a barrel and the Brent crude oil price is up 0.6% to US$64.01 a barrel. Oil prices rose amid optimism the US government shutdown could soon end.
Buy Aeris shares
Aeris Resources Ltd (ASX: AIS) shares could be a top pick for Aussie investors right now according to analysts at Bell Potter. This morning, the broker has upgraded this copper miner's shares to a buy rating with an improved price target of 65 cents. It said: "AIS is a copper-dominant producer with its near-term outlook highly leveraged to the copper price and increasing production at Tritton, which is now the largest copper mine in Australia not owned by a major mining company and is an attractive corporate target, in our view. We lift our recommendation to Buy."
Gold price jumps
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a great session on Tuesday after the gold price surged overnight. According to CNBC, the gold futures price is up 2.75% to US$4,119.7 an ounce. Traders were buying gold after weak US economic data boosted rate cut expectations.
