5 things to watch on the ASX 200 on Monday

Fortescue Metals Group Limited (ASX:FMG) and NIB Holdings Limited (ASX:NHF) shares will be on watch on the ASX 200 on Monday…

Worried young male investor watches financial charts on computer screen

Image source: Getty Images

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 (ASX: XJO) was out of form and finished the week with a small decline. The benchmark index fell 0.15% to 6,111.2 points.

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

ASX futures pointing lower.

The ASX 200 looks set to start the week in the red. According to the latest SPI futures, the benchmark index is poised to open the week 11 points or 0.2% lower. This is despite a solid finish to the week on Wall Street with all three major indices recording gains. The Dow Jones rose 0.7%, the S&P 500 climbed 0.35%, and the Nasdaq index pushed 0.4% higher.

Fortescue to declare big dividend?

The Fortescue Metals Group Limited (ASX: FMG) share price will be on watch this morning when the iron ore producer releases its full year results. Because of its improving grades, strong iron ore prices, and its record shipments, expectations are high for Fortescue's profits. As a result, analysts are forecasting a very generous full year dividend. Macquarie, for example, has forecast a fully franked dividend of ~$1.80 per share for FY 2020. This represents a 10% dividend yield.

Oil prices drop lower.

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could start the week in the red after oil prices dropped lower. According to Bloomberg, on Friday night the WTI crude oil price fell 1.1% to US$42.34 a barrel and the Brent crude oil price dropped 1.2% to US$44.35 a barrel. Despite this, oil prices recorded their fifth week of gains in the last six.

Gold price flat.

The shares of Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could be steady on Monday after a subdued night of trade for the gold price on Friday. According to CNBC, the spot gold price traded flat at US$1,947 an ounce.

NIB full year result

The NIB Holdings Limited (ASX: NHF) share price will be one to watch this morning when it releases its full year results. According to CommSec, the private health insurer is expected to post a full year net profit after tax of just $95.02 million. Investors will no doubt also be looking for commentary around the positive and negative impacts of the pandemic on its financial performance.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended NIB Holdings Limited. 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

Market up or down
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough end to the week...

Read more »

Man in an office celebrates at he crosses a finish line before his colleagues.
Share Gainers

4 ASX 200 shares racing ahead of the benchmark this week

ASX investors sent these four stocks soaring 12% to 18% this week. But why?

Read more »

A young man sits at his desk working on his laptop with a big smile on his face.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Dateline, DroneShield, Ora Banda, and Pilbara Minerals shares are dropping today

These shares are ending the week in the red. But why?

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why BHP, Coronado Global, EBR Systems, and Whitehaven Coal shares are pushing higher today

These shares are ending the week on a positive note. Let's find out why.

Read more »

man thinking about whether to invest in bitcoin
Broker Notes

Why Macquarie expects this ASX 200 dividend stock to keep outperforming

Macquarie has tipped this ASX 200 dividend stock to outperform. Let’s find out why.

Read more »

a young woman looks happily at her phone in one hand with a selection of shopping bags in her other hand.
BNPL shares

Up 87% since April, why the Zip share price can keep flying higher into 2026

A leading fund manager expects more outsized gains from Zip shares ahead.

Read more »

Man in mining hat with fists raised and eyes closed looking happy and excited about the Newcrest share price
Share Market News

Why BHP and these ASX dividend stocks are buys

The mining giant and these shares have been named as buys by brokers.

Read more »