5 Key Things to Watch on the ASX 200 This Monday
On Friday, the S&P/ASX 200 Index (ASX: XJO) closed the week on a high note, rising by 0.35% to reach 7,796 points. As we look towards Monday, several factors will determine whether the market can maintain this positive momentum. Here are five key elements to watch closely: Image Credit: Pexels ASX 200 Expected to Fall Despite a strong finish last week, the Australian share market appears set to open lower on Monday. The latest SPI futures indicate that the ASX 200 will likely start the day 16 points or 0.2% lower. This anticipated drop follows a mixed performance on Wall Street on Friday, where the Dow Jones rose by 0.05%, the S&P 500 dipped by 0.15%, and the Nasdaq fell by 0.2%. The uncertainty in the US market may weigh on Australian shares as trading resumes. Oil Prices Soften Energy shares on the ASX 200, such as Santos Ltd ( ASX: STO ) and Woodside Energy Group Ltd (ASX: WDS), might face a subdued start to the week due to softening oil prices. According to Bloomberg, th...