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On Friday, the S & P / ASX 200 Index (ASX: XJO) was up and up. The benchmark rose 1.1% to 7,182.7 points.
Will the market be able to build it on Monday? Here are five things to see:
The ASX 200 is expected to jump
The Australian stock market looks set to start the week with a strong gain after a very positive night on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open 83 points a day or 1.15% higher this morning. On Wall Street, the Dow Jones was up 1.75%, the S&P 500 was up 2.5% and the Nasdaq was up 3.3%. The slowdown in US inflation boosted investor sentiment.
Oil prices are rising
Energy producers Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a positive start to the week after oil prices rose on Friday. According to Bloomberg, the price of WTI crude oil rose 1% to US $ 115.07 a barrel and the price of Brent crude oil rose 1.7% to US $ 119.43 a barrel. A possible absolute European ban on Russian oil raised prices.
AGL cleavage in rocks?
The stock price of AGL Energy Limited (ASX: AGL) will be watching this morning amid speculation that the split of the energy giant could be ruled out. It is believed that this could also see AGL announce the departure of its CEO, Graeme Hunt, this morning.
The price of gold goes up
Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be pending after the price of gold quoted rose on Friday night. According to CNBC, the price of spot gold has risen 0.2% to $ 1,857.3 an ounce. A softer U.S. dollar supported the precious metal, bringing it to its second consecutive weekly gain.
Technological surveillance actions
It looks like it will be a big trading day for the local tech sector after the technology-focused Nasdaq index rose 3.3% on Friday night. Investors were struggling to buy technology stocks after data showed that US inflation is slowing. This bodes well for technology favorites like Block Inc (ASX: SQ2) and Xero Limited (ASX: XRO) this morning.