5 things to watch on the ASX 200 on Monday

Australia and New Zealand Banking Group (ASX:ANZ), Corporate Travel Management Ltd (ASX:CTD), and WiseTech Global Ltd (ASX:WTC) shares will be on watch on the ASX 200 on Monday. Here's what you need to know…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

On Friday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished a positive week with a day in the red. The benchmark index ended the day 0.1% lower at 5,921.8 points.

Will the market be able to bounce back on Monday? Here are five things to watch:

ASX futures pointing lower.

The Australian share market looks set to have a soft start to the week. According to the latest SPI futures, the ASX 200 is expected to open the day 37 points or 0.6% lower. This follows a disappointing end to the week on Wall Street which saw the Dow Jones fall 0.8%, the S&P 500 drop 0.9%, and the Nasdaq tumble 1.6% lower.

Tech shares could come under pressure.

Popular tech shares such as Afterpay Touch Group Ltd (ASX: APT) and WiseTech Global Ltd (ASX: WTC) could come under pressure on Monday after their U.S. peers finished the week deep in the red. According to CNBC, the five most valuable U.S. tech companies lost a combined US$75 billion in market value on Friday. Hawkish comments out of the FOMC appear to have spooked tech investors.

Oil prices drop lower again.

Oil prices have continued their poor run with another decline. This could put pressure on energy shares such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) again. According to Bloomberg, the WTI crude oil price fell 0.8% to US$60.19 a barrel and the Brent crude oil price dropped 0.7% to US$70.18 a barrel. Reuters has reported that Saudi Arabia is planning to ship less oil in December to support prices.

ANZ Bank shares go ex-dividend.

Australia and New Zealand Banking Group (ASX: ANZ) shares are likely to trade lower today after going ex-dividend for the bank's final dividend. Eligible shareholders can look forward to receiving the 80 cents per share fully franked dividend in their accounts on December 18.

Corporate Travel Management insider buying.

The Corporate Travel Management Ltd (ASX: CTD) share price will be on watch on Monday after the under fire corporate travel specialist reported high levels of insider buying. CEO Jamie Pherous has taken advantage of the recent share price decline to pick up 115,000 shares for a total consideration of $2.43 million. This could give investor sentiment a much-needed boost.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and WiseTech Global. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Three women cruise along enjoying ice-creams in the sunshine.
Best Shares

3 ASX 300 stocks up by more than 300% in a year

These stocks certainly add up to a triple treat.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Broker Notes

Goldman Sachs says these ASX 300 stocks can rise 15% to 30%

Let's see what the broker is saying about these buy-rated stocks.

Read more »

Business woman watching stocks and trends while thinking
Share Market News

5 things to watch on the ASX 200 on Wednesday

A better session is expected for Aussie investors today. Here's what's happening.

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors were pulled back down to earth this Tuesday.

Read more »

A woman faces the camera with her lip raised up to the side in total confusion.
Bank Shares

Why is the CBA share price being hit so hard today?

Has CBA's luck finally run out?

Read more »

Three people with gold streamers celebrate good news.
Record Highs

7 ASX 200 shares that just smashed new record highs

In a topsy-turvy day for the ASX 200, these stocks have ascended to new price milestones.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why EML Payments, Gentrack, Regis, and Resimac shares are racing higher

These shares are outperforming on Tuesday. What's going on?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why ASX, CBA, Iperionx, and Sayona Mining shares are dropping today

These shares aren't having a good session on Tuesday. But why?

Read more »