On Monday, the S&P/ASX 200 Index (ASX: XJO) fought hard and recorded the smallest of gains. The benchmark index rose slightly to 8,636.4 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
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ASX 200 expected to sink
The Australian share market looks set to fall 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 82 points or 0.95% lower. In late trade in the United States, the Dow Jones is down 1.4%, the S&P 500 is 1.3% lower, and the Nasdaq has fallen 1.35%.
TechnologyOne results
TechnologyOne Ltd (ASX: TNE) shares will be on watch on Tuesday when the enterprise software provider releases its full year results. According to a note out of Bell Potter. its analysts are expecting the company to report revenue of $589.4 million, EBITDA of $256.8 million, and net profit after tax of $140.5 million. The latter will be up 19% on the prior corresponding period.
Oil prices ease
It could be a subdued session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices eased overnight. According to Bloomberg, the WTI crude oil price is down 0.3% to US$59.91 a barrel and the Brent crude oil price is down 0.25% to US$64.17 a barrel. Oil prices softened after Russian exports resumed following an attack on an export hub.
Buy Elders shares
Elders Ltd (ASX: ELD) shares could be in the buy zone according to analysts at Bell Potter. In response to its full year results release, the broker has retained its buy rating and $9.45 price target on the agribusiness company's shares. It said: "We see encouraging signs for FY26e, with livestock turnoff values up ~35% YOY through 1Q26TD, stable to rising crop protection active ingredient values and modestly higher fertiliser price indicators. A more normal selling pattern in FY26e, delivery on SYSMOD and backward integration initiatives, sector activity tailwinds and consolidation of Delta are expected to drive high double-digit EPS growth in FY26-27e."
Gold price falls
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a tough session on Tuesday after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.4% to US$4,036.4 an ounce. Traders were selling gold after the US dollar strengthened.
