On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index rose 0.3% to 7,307 points.
Will the market be able to build on this on Monday? Here are five things to watch:
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ASX 200 expected to tumble
The Australian share market looks set to have a difficult session on Monday following a poor finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.7% lower this morning. On Wall Street, the Dow Jones was down 1%, the S&P 500 fell 1.05%, and the NASDAQ dropped 1.7%.
Oil prices rise
ASX 200 energy shares including Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT) could have a good start to the week after oil prices pushed higher on Friday. According to Bloomberg, the WTI crude oil price was up 1.2% to US$76.32 a barrel and the Brent crude oil price rose 1.2% to US$83.16 a barrel. Oil prices were flat for the week after Russian supply cuts were offset by a rise in US inventories.
Woodside full-year results
The Woodside Energy Group Ltd (ASX: WDS) share price will be another energy share to watch on Monday. This morning, this energy giant is scheduled to release its highly anticipated full-year results. According to Morgans, its analysts are expecting revenue of US$16,973 million and a 142% increase in EBITDAX to US$11,227 million.
Gold price falls
Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price fell on Friday night. According to CNBC, the spot gold price dropped 0.5% to $1,817.10 per ounce. Increasing rate hike bets weighed on the safe haven asset.
Healius results
The Healius Ltd (ASX: HLS) share price will be one to watch today when the healthcare company releases its half-year results. According to CommSec, the market is expecting Healius to report a net profit after tax of just $10 million and declare an interim dividend of 2.5 cents per share.
