On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a decline. The benchmark index fell 0.4% to 8,725.7 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 edge higher
The Australian share market looks set to edge higher on Tuesday despite a poor start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 2 points higher. In late trade in the United States, the Dow Jones is down 0.4%, the S&P 500 is 0.3% lower, and the Nasdaq is down 0.45%.
Oil prices jump
It could be a good session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 2.4% to US$58.12 a barrel and the Brent crude oil price is up 2.15% to US$61.95 a barrel. Traders were buying oil after tensions flared in Yemen.
Ex-dividend day
Today is the day that a large number of shares go ex-dividend for their latest quarterly payouts. Among the ASX 200 shares that are going ex-dividend are APA Group (ASX: APA), Charter Hall Group (ASX: CHC), Goodman Group (ASX: GMG), Mirvac Group (ASX: MGR), Stockland Corporation Ltd (ASX: SGP), and Transurban Group (ASX: TCL).
Gold price sinks
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 crashed overnight. According to CNBC, the gold futures price is down 4.4% to US$4,351.4 an ounce. This may have been driven by profit-taking from traders after strong gains this month.
NextDC shares on watch
Nextdc Ltd (ASX: NXT) shares will be on watch today after some big news in the data centre industry. Overnight, Japan's SoftBank revealed that it has agreed to buy data centre investment firm DigitalBridge for US$4 billion. This is part of SoftBank's artificial intelligence push. Masayoshi Son, Chairman and CEO of SoftBank, said: "DigitalBridge is a leader in digital infrastructure, and this acquisition will strengthen the foundation for next-generation AI data centers, advance our vision to become a leading ASI platform provider, and help unlock breakthroughs that move humanity forward."
