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5 issues to look at on the ASX 200 on Monday 24 October 2022


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On Friday, S&P / ASX 200 Index (ASX: XJO) ended the week in crimson. The benchmark index fell 0.8% to six,676.8 factors.

Can the market bounce again from this Monday? Listed below are 5 issues to look at:

ASX 200 is predicted to skyrocket

The Australian share market seems to be set for a robust rebound on Monday after a really constructive finish to the week on Wall Avenue. In line with the newest SPI futures, the ASX 200 is predicted to open the day 95 factors or above 1.4% this morning. On Wall Avenue, the Dow Jones gained 2.5%, the S&P 500 gained 2.4% and the NASDAQ gained 2.3%.

Oil costs rise

Sharing power reminiscent of Santos Ltd (ASX: STO) and Woodside Power Group Ltd (ASX:WDS) might have a very good begin to the week after oil costs edged increased on Friday night time. In line with Bloomberg, WTI crude oil costs rose 0.65% to $85.05 per barrel and Brent crude costs rose 1.2% to $93.50 per barrel. Optimism about Chinese language demand has offset recession fears.

Replace South32

The South32 Ltd Share value (ASX:S32) will likely be a notable issue on Monday when the mining big releases a quarterly replace. In line with an announcement from Goldman Sachs, their analysts predict the miner to report alumina manufacturing of 1,345kt, aluminum manufacturing of 271kt and coal manufacturing of 1,650kt.

New Hope pays dividends

The New Hope Company Restricted Share costs (ASX:NHC) are prone to fall deeply within the crimson on Monday. That is as a result of the coal mining firm’s inventory is ex-dividend for its newest dividend. Due to the sky-high coal costs, New Hope was in a position final month to declare an enormous ultimate inventory dividend of 56 cents per share. This quantity will likely be paid to eligible shareholders on November 8.

Gold costs rebounded

Gold digger included Newcrest Mining Restricted (ASX: NCM) and Sao Phuong Bac Useful resource Co., Ltd (ASX:NST) might get off to a very good begin to the week after gold costs rebounded on Friday. In line with CNBC, spot gold costs in the course of the session rose 1.2% to $1,656.3 an oz. This was fueled by hopes that fee hikes would happen at a slower tempo within the US.


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