5 things to watch on the ASX 200 on Monday

Detailed summary

Will the market start the week strongly? Here's what you need to know. The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week in the red. The benchmark index fell 0.7% to 9,082.2 points.

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

The Australian share market looks set for a subdued start to the week following a mixed session on Wall Street on Friday.

According to the latest SPI futures, the ASX 200 is expected to open the day 2 points lower. In the United States, the Dow Jones was up 0.1%, but the S&P 500 fell 0.4% and the Nasdaq dropped 0.9%.

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) will be on watch after a mixed finish to the week for oil prices. According to Bloomberg, the WTI crude oil price was down 0.2% to US$88.56 a barrel and the Brent crude oil price was up slightly to US$95.84 a barrel.

A growing supply surplus put pressure on prices last week and led to a second consecutive weekly decline.

Catapult Wealth has named ResMed Inc. (ASX: RMD) as an ASX 200 share to buy this week, according to The Bull. It said:

ASX 200 gold shares Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) will be on watch on Monday after a soft end to the week for gold.

According to CNBC, the gold futures price was up a fraction to US$3,886.3 an ounce. Despite this, increasing US rate hike bets led to gold having one of its worst weeks in four months.

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