On Thursday the S&P/ASX 200 Index finished the day marginally higher at 6,259.8 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX futures flat.
The Australian share market looks set to start the week on a subdued note. According to the latest SPI futures, the ASX 200 is expected to open the week flat this morning. This follows a mixed night of trade on Wall Street which saw the Dow Jones fall 0.2%, the S&P 500 rise 0.1%, and the Nasdaq push 0.2% higher.
Oil prices storm higher.
Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) shares could be on the rise on Tuesday after oil prices stormed higher on Monday. According to Bloomberg, the WTI crude oil price has pushed 2.7% higher to US$65.70 a barrel and the Brent crude oil price is up 3% to US$74.10 a barrel. Prices jumped to six-month highs after President Trump cracked down on Iranian exports.
Gold price edges higher.
Northern Star Resources Ltd (ASX: NST), Resolute Mining Limited (ASX: RSG), and the rest of the gold miners will be on watch today after the spot gold price edged higher. According to CNBC, the spot gold price is up around 0.1% to US$1,277 an ounce.
Worleyparsons update.
Late on Thursday Worleyparsons Limited (ASX: WOR) provided an update on its acquisition of Jacobs Engineering Group. According to the release, the company anticipates that the completion of the transaction will occur after the market closes over the last weekend of April 2019. After which, WorleyParsons intends to adopt Worley as its new brand with the domain name Worley.com.
HUB24 rated as a buy.
The HUB24 Ltd (ASX: HUB) share price could be on the rise on Tuesday after a leading broker rated it as a buy. According to a note out of Goldman Sachs, its analysts have retained their buy rating and lifted the price target on its shares to $15.90 after a stronger than expected third quarter update by the investment platform provider.
