On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a small decline. The benchmark index fell 0.1% to 9,263.6 points.
Will the market be able to bounce back from this on Monday? Here are five things to watch:
Image source: Getty Images
ASX 200 expected to rise
The Australian share market looks set for a positive start to the week following a strong session on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 33 points or 0.35% higher. In the United States, the Dow Jones rose 0.3%, the S&P 500 climbed 0.6%, and the Nasdaq jumped 1.3%.
Oil prices rise
ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a decent start to the week after oil prices rose on Friday night. According to Bloomberg, the WTI crude oil price was up 1.15% to US$78.18 a barrel and the Brent crude oil price was up 1.3% to US$83.55 a barrel. Traders were buying oil as they await news on a potential deal to open the Strait of Hormuz.
Avita shares upgraded
AVITA Medical Inc (ASX: AVH) shares could be undervalued according to analysts at Bell Potter. This morning, the broker has upgraded the medical device company's shares to a speculative buy rating with a vastly improved price target of $2.10 (from $1.20). It commented: "We believe the investment case has improved materially following Q2. The MAC overhang appears increasingly behind the business, with improved reimbursement visibility and stronger RECELL growth supporting record quarterly revenue. Lower cash burn improves confidence in the path to breakeven; we conservatively forecast FY27 versus management's CY26 target, while funding risk remains given limited liquidity."
Gold price climbs again
It could be a good start to the week for ASX 200 gold shares Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) after the gold price rose on Friday night. According to CNBC, the gold futures price was up 2.3% to US$4,399.7 an ounce. The precious metal hit a seven-week high after weak US jobs data reduced rate hike bets.
Car Group results
The CAR Group Limited (ASX: CAR) share price will be on watch on Monday when the auto listings company releases its FY 2026 results. According to a note out of Bell Potter, its analysts are expecting CAR Group to report sales of $1,273.3 million, underlying EBITDA of $709.8 million, and adjusted net profit after tax of $406.1 million. The latter represents a 7.4% increase on the prior corresponding period.
