On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week deep in the red. The benchmark index sank 1.65% to 8,634.5 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 fall
The Australian share market looks set for a poor 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 17 points or 0.2% lower. In the United States, the Dow Jones was down 0.65% and the S&P 500 edged 0.05% lower, but the Nasdaq edged 0.15% higher.
Oil prices rise
It could be a decent start to the week for ASX 200 energy shares 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 2.2% to US$64.39 a barrel and the Brent crude oil price was up 2.4% to US$60.09 a barrel. This was driven by news that a Russian port has suspended oil exports falling an attack.
Elders results
Elders Ltd (ASX: ELD) shares will be on watch today when the agribusiness company releases its FY 2025 results. According to a note out of Citi, its analysts are expecting the company to report earnings before interest and tax (EBIT) of $144 million. A full year fully franked dividend of 36 cents per share is also expected.
Gold price tumbles
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could start the week in the red after the gold price tumbled on Friday night. According to CNBC, the gold futures price was down 2.4% to US$4,094.2 an ounce. Hawkish comments from the US Federal Reserve put pressure on the precious metal.
High conviction picks
Bell Potter has named a number of ASX 200 shares as high conviction picks. This includes Woolworths Group Ltd (ASX: WOW), Endeavour Group Ltd (ASX: EDV), and Light & Wonder Inc. (ASX: LNW). It said: "High conviction ideas are: (1) Favouring staples with an exposure to a recovery in Out Of Home consumption (BGA/WOW/EDV); (2) Market leading discretionary retail exposures (HVN, UNI & ABY); (3) We are shifting our preference from COL to WOW and EDV citing the cycling of softer comps in 2Q26-3Q26 due to supply chain issues in FY25, the greater exposure they offer to OOH and a more favourably priced three year growth profile; and (4) LNW over ALL due to a more compelling growth and value dynamic."
