On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index rose 0.5% to 8,261.8 points.
Will the market be able to build on this on Monday? Here are five things to watch:
ASX 200 expected to fall
The Australian share market looks set to fall on Monday following a disappointing finish to the week on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 29 points or 0.35% lower. In the United States, the Dow Jones was down 0.8%, the S&P 500 was down 1.1%, and the Nasdaq tumbled 1.5%.
Oil prices charge higher
It could be a relatively decent start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices charged higher on Friday. According to Bloomberg, the WTI crude oil price was up 1.4% to US$70.60 a barrel and the Brent crude oil price was up 1.25% to US$74.17 a barrel. This was driven by news of a large draw from US crude oil inventories.
ASX 200 tech shares likely to fall
It looks likely to be a poor start to the week for ASX 200 tech shares after megacap technology stocks were among the worst performers during Friday's session on Wall Street. The US listed shares of Block Inc (ASX: SQ2) fell almost 3% and Life360 Inc (ASX: 360) dropped about 1%. Outside the tech sector, the Nasdaq listed shares of Telix Pharmaceuticals (ASX: TLX) lost 6% of their value on Friday night.
Gold price slides
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a subdued start to the week after the gold price dropped on Friday night. According to CNBC, the gold futures price was down 0.65% to US$2,636.5 an ounce. The gold price was under pressure from higher bond yields.
Shares going ex-dividend
A number of ASX 200 shares are scheduled to trade ex-dividend on Monday and could trade lower. This includes industrial property giant Goodman Group (ASX: GMG), property companies Charter Hall Group (ASX: CHC) and Dexus (ASX: DXS), energy infrastructure company APA Group (ASX: APA), and toll road operator Transurban Group (ASX: TCL). The latter is rewarding its shareholders with a 32 cents per share dividend, which will be paid in a couple of months on 25 February.
