5 things to watch on the ASX 200 next week

Fortescue Metals Group Limited (ASX:FMG) and IOOF Holdings Limited (ASX:IFL) shares will be on watch on the ASX 200 next week…

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

Last week the S&P/ASX 200 Index (ASX: XJO) was out of form and tumbled lower. The benchmark index lost 0.6% over the five days to end it at 6,073.8 points.

Earnings season may draw to a close on Monday, but that doesn't mean there won't be another busy week ahead.

Here are five things that I think investors should be watching next week:

Woman in pink sweater lying on dock with binoculars to her eyes

Image source: Getty Images

ASX futures pointing lower.

The ASX 200 looks set to start the week as it finished it. According to the latest SPI futures, the benchmark index is poised to open the week a disappointing 40 points lower. This is despite Wall Street finishing the week strongly on Friday. The Dow Jones climbed 0.6%, the S&P 500 rose 0.8%, and the Nasdaq pushed 0.6% higher.

IOOF results and potential major acquisition.

The IOOF Holdings Limited (ASX: IFL) share price will be in focus on Monday when the financial services company announces its full year results. According to CommSec, the market is expecting a net profit after tax of $132.6 million. The company is also planning to announce a potential significant transaction. There is speculation the company could be interested in acquiring AMP Limited (ASX: AMP).

Reserve Bank meeting.

The Reserve Bank of Australia will be meeting on Tuesday to discuss the cash rate. According to the latest cash rate futures, the market is pricing in a 56% probability of a rate cut to zero. While this means a cut is possible, it appears unlikely. The Westpac Banking Corp (ASX: WBC) economic team expects the cash rate to stay on hold at 0.25%.

Fortescue to trade ex-dividend.

The Fortescue Metals Group Limited (ASX: FMG) share price is likely to tumble lower on Monday when its shares trade ex-dividend. The iron ore producer is paying shareholders a final fully franked $1.00 per share dividend. This equates to a 5.3% dividend yield, which could mean its shares fall by a similar margin.

Other shares trading ex-dividend.

Fortescue isn't the only share trading ex-dividend next week. On Monday there's Ansell Limited (ASX: ANN), on Tuesday there are Super Retail Group Ltd (ASX: SUN) and Woolworths Group Ltd (ASX: WOW), on Wednesday there is Medibank Private Ltd (ASX: MPL), on Thursday there is BHP Group Ltd (ASX: BHP), and on Friday there is Bravura Solutions Ltd (ASX: BVS).

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of Woolworths 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

Focused man entrepreneur with glasses working, looking at laptop screen thinking about something intently while sitting in the office.
Broker Notes

Buy, hold, sell: Northern Star, Telix, and Virgin Australia shares

Let’s see if they are bullish or bearish on these names.

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough start to the trading week this Monday.

Read more »

A man looking at his laptop and thinking.
Broker Notes

Forget CBA shares and buy this ASX ETF: experts

Here's what experts are saying about these two investment options.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Broker Notes

Buy, hold, sell: BHP, Guzman Y Gomez, and Pro Medicus shares

Are brokers bullish or bearish on these names? Let's find out.

Read more »

Red buy button on an Apple keyboard with a finger on it.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to buy these shares.

Read more »

Humanoid robot analysing the stock market, symbolising artificial intelligence shares.
Broker Notes

Up 109% since November, are Appen shares still a buy today?

A leading expert digs into the outlook for Appen shares amid the rise of AI.

Read more »

Paper aeroplane going down on a chart, symbolising a falling share price.
Travel Shares

Why Web Travel shares are sliding as fresh takeover hopes return

Web Travel shares sink as investors weigh CEO succession and takeover risk.

Read more »

Shot of a young businesswoman looking stressed out while working in an office.
Share Fallers

Why 4DMedical, Brainchip, Catapult, and Star Entertainment shares are falling today

These shares are starting the week in the red. But why>

Read more »