On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a decline. The benchmark index fell 0.25% to 8,766.4 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 set to fall
The Australian share market looks set to fall on Tuesday following a mixed start to the week in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 55 points or 0.6% lower. On Wall Street, the Dow Jones was down 0.1%, but the S&P 500 rose 0.1% and the Nasdaq pushed 0.2% higher.
Oil prices charge higher
It could be a good session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 2.35% to US$96.65 a barrel and the Brent crude oil price is up 2.75% to US$108.23 a barrel. This was driven by the unravelling of US-Iran peace talks.
Buy Iperionx shares
Bell Potter thinks investors should be buying Iperionx Ltd (ASX: IPX) shares if they have a high tolerance for risk. This morning, the broker has retained its speculative buy rating on the titanium production technology company's shares with an $8.25 price target. It said: "IPX has the potential to disrupt the incumbent titanium supply chain through materially lowering production costs and manufacturing waste. The company will incrementally expand capacity and progress commercial relationships with aerospace, automotive, luxury goods and government end users."
Gold price falls
ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a poor session on Tuesday after the gold price pulled back overnight. According to CNBC, the gold futures price is down 0.95% to US$4,695.7 an ounce. This was driven by inflation and rate hike concerns due to high oil prices.
Buy Judo shares
Morgans thinks that Judo Capital Holdings Ltd (ASX: JDO) shares could be a great option in the banking sector right now. This morning, the broker has upgraded Judo Capital's shares to a buy rating and is predicting a return of almost 50%. It said: "JDO provided a 3Q26 trading update, which included reaffirming its FY26 earnings guidance range albeit now expected to be at the bottom end of the range given it conservatively topped up its expected loan loss provision. We view JDO's recent share price weakness as a buying opportunity for a stock with high growth potential, increasing the margin of safety for the investment. Upgrade from ACCUMULATE to BUY. Potential TSR at current prices is c.49%."
