On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a positive fashion. The benchmark index rose 0.5% to 9,103.1 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
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ASX 200 to rise
The Australian share market looks set for a decent session on Tuesday despite a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 13 points or 0.15% higher. In the United States, the Dow Jones rose 0.25%, but the S&P 500 dropped 0.3% and the Nasdaq fell 0.75%.
ASX 200 results
A number of popular ASX 200 shares will be releasing their respective results. Among the big names releasing results are supermarket giant Coles Group Ltd (ASX: COL), engineering company Monadelphous Group Ltd (ASX: MND), and energy giant Woodside Energy Group Ltd (ASX: WDS).
Oil prices decline
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor session on Tuesday after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 2.4% to US$84.95 a barrel and the Brent crude oil price is down 2.55% to US$91.98 a barrel. Oil prices declined even after the U.S. rolled out its toughest-ever sanctions campaign against Iran.
Gold price rises
ASX 200 gold shares including Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a good session after the gold price rose overnight. According to CNBC, the gold futures price is up 0.6% to US$4,709.2 an ounce. The precious metal's rally continues ahead of the release of US inflation data.
Hold PLS shares
PLS Group Ltd (ASX: PLS) shares jumped on Monday following the release of the lithium miner's FY 2026 results. The team at Bell Potter thinks that its shares may have now peaked. This morning, the broker has retained its hold rating with an improved price target of $5.20 (from $4.70). It said: "We maintain our Hold recommendation. At current lithium market prices, PLS will generate substantial earnings and cash flow with the restart of the 200ktpa Ngungaju processing plant. P2000 and Colina development studies are being progressed, providing substantial organic growth optionality in markets with strong underlying EV and BESS-led long term demand fundamentals."
