On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index rose 0.15% to 8,727.8 points.
Will the market be able to build on this on Monday? Here are five things to watch:
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ASX 200 expected to rise again
The Australian share market looks set for a decent start to the week following a relatively positive finish to the last one on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.15% higher. In the United States, the Dow Jones was up 0.65%, the S&P 500 rose 0.2%, and the Nasdaq finished largely flat.
Oil prices slip
It could be a subdued start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices slipped on Friday night. According to Bloomberg, the WTI crude oil price was up 0.15% to US$57.32 a barrel and the Brent crude oil price was down 0.15% to US$60.75 a barrel. Since then, the Venezuelan leader Maduro has been overthrown. Given how oil-rich it is, this could have an impact on oil markets when they reopen.
BHP and Rio Tinto expected to rise
It looks set to be a good start to the week for BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) shares on Monday after their NYSE-listed shares charged higher on Friday night. Both miners were up around 2% during the session on Wall Street. This left both mining giants trading within touching distance of their 52-week highs.
Gold price falls
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a subdued start to the week after the gold price edged lower on Friday night. According to CNBC, the gold futures price was down 0.25% to US$4,329.6 an ounce. This may have been driven by profit-taking from some traders.
Collins Foods pay day
Today is a good day for owners of Collins Foods Ltd (ASX: CKF). That's because today is pay day for the KFC focused quick service restaurant operator's shareholders. Last month, the company released its half year results and revealed a 29.5% increase in underlying net profit after tax to $30.8 million. This allowed the Collins Foods board to increase its fully franked interim dividend by 18% to 13 cents per share.
