On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 9,076 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 to fall again
The Australian share market looks set for a weak session on Tuesday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 23 points or 0.25% lower. In the United States, the Dow Jones dropped 0.7%, the S&P 500 fell 0.35%, and the Nasdaq edged 0.1% lower.
Shares going ex-dividend
A number of popular ASX 200 shares will be going ex-dividend on Tuesday and could trade lower. This includes Bendigo and Adelaide Bank Ltd (ASX: BEN), Endeavour Group Ltd (ASX: EDV), Fortescue Ltd (ASX: FMG), Wesfarmers Ltd (ASX: WES), and Woolworths Group Ltd (ASX: WOW). The latter will be rewarding shareholders with a fully franked 52 cents per share dividend later this month on 25 September.
Oil prices jump
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Tuesday after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 3.5% to US$86.33 a barrel and the Brent crude oil price is up 3% to US$90.74 a barrel. This was driven by a flare-up in US-Iran hostilities.
Gold price falls
ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a soft session after the gold price fell overnight. According to CNBC, the gold futures price is down 0.75% to US$4,496.5 an ounce. The precious metal pulled back to a two-week low on increasing US rate hike bets.
Buy Liontown shares
Liontown Ltd (ASX: LTR) shares could be in the buy zone according to analysts at Bell Potter. This morning, the broker retained its buy rating and $1.90 price target on the lithium miner's shares. It said: "We still believe that LTR's EV is lagging the recent recovery in lithium markets and expected tight fundamentals. The last time LTR was trading at its current EV (early December 2025), SC6 prices were US$1,150/t and net debt was $274m. Since then, the Kathleen Valley underground ramp-up has been further derisked and spot SC6 prices are above US$2,300/t. While we expect lithium markets will be volatile, market fundamentals remain strong."
