On Friday the S&P/ASX 200 index finished the week on a high. The benchmark index raced 0.9% higher to end it at 6,606.8 points.
Will the local share market be able to build on this on Monday? Here are five things to watch:
ASX 200 expected to rise.
It looks set to be a positive start to the week for the S&P/ASX 200 index after positive trade talk developments sent Wall Street hurtling higher on Friday. According to the latest SPI futures, the ASX 200 is poised to rise 0.5% or 34 points at the open. On Wall Street the Dow Jones rose 1.2%, the S&P 500 climbed 1.1%, and the Nasdaq raced 1.3% higher.
Oil prices surge higher.
The shares or energy producers Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could be on the rise today after oil prices surged higher. According to Bloomberg, the WTI crude oil price climbed 2.15% to US$54.70 a barrel and the Brent crude oil price rose 2.4% to US$60.51 a barrel after attacks on Iranian oil tankers.
Gold price slides.
It looks set to be a disappointing day of trade for gold miners such as Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) after the spot gold price tumbled lower. According to CNBC, the spot gold price fell 0.8% to US$1,488.7 an ounce after global share markets pushed higher.
Shares trading ex-dividend.
A number of shares are due to trade ex-dividend this morning and could edge lower. These include logistics solutions company Brambles Limited (ASX: BXB) and telco giant TPG Telecom Ltd (ASX: TPM). They will be paying dividends of 17 cents per share and 2 cents per share, respectively, in the coming weeks.
Fisher & Paykel upgrades guidance.
The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price could be on the move today after the sleep treatment focused medical device company upgraded its full year guidance following the successful launch of a new device. The company made the move after it received regulatory clearance to sell its F&P Vitera mask in the United States. It is the company's new full face mask used in the treatment of obstructive sleep apnea.
