5 things to watch on the ASX 200 on Monday

MotleyFool
02-10

On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week with a small decline. The benchmark index fell 0.1% to 8,511.4 points.

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

ASX 200 expected to fall again

The Australian share market looks set to fall again on Monday following a poor finish to the week on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 101 points or 1.2% lower. In the United States, the Dow Jones was down 1%, the S&P 500 fell 0.95%, and the Nasdaq tumbled 1.35% lower.

Oil prices rise

It could be a decent start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices rose on Friday. According to Bloomberg, the WTI crude oil price was up 0.55% to US$71.00 a barrel and the Brent crude oil price was up 0.5% to US$74.66 a barrel. Despite this gain, oil prices recorded their third successive weekly decline on tariff concerns.

JB Hi-Fi results

The JB Hi-Fi Ltd (ASX: JBH) share price will be on watch on Monday when the retail giant releases its half year results. According to a note out of Goldman Sachs, its analysts are expecting the company to report a 7.6% increase in sales and an 8.3% lift in EBIT for the six months. The broker said: "The key increase to our earnings forecasts is JBH, which is to reflect the accelerating electronics and appliance sales into 2Q25 and positive operating leverage on EBIT margins."

Gold price falls

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a decent start to the week after the gold price pushed higher on Friday night. According to CNBC, the gold futures price was up 0.4% to US$2,887.6 an ounce. This was the sixth week in a row of gains driven by to safe haven demand.

Buy Aristocrat shares

Analysts at Bell Potter believe that Aristocrat Leisure Ltd (ASX: ALL) shares could be in the buy zone right now. According to a note this morning, the broker has initiated coverage on the gaming technology company's shares with a buy rating and $83.00 price target. It said: "We initiate coverage on ALL with a Buy rating. Whilst we observe the stock trades on historically elevated valuation levels with EV / EBIT(A) at 20x and P/E at 26x, we expect operating momentum in FY25 to accelerate in an accommodative market (i.e. investment flows) for high quality large caps."

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