Business
5 things to watch on the ASX 200 on Monday 1 February 2021
On Friday the S&P/ASX 200 Index (ASX: XJO) finished a disappointing and unusual week with another decline. The benchmark index fell 0.65% to 6,607.4 points.
Will the market be able to bounce back from this on Monday? Here are five things to watch:
ASX 200 expected to rise
It looks set be a difficult start to the week for the ASX 200 after another poor night of trade on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to fall 34 points or 0.5% at the open. On Wall Street the Dow Jones fell 2%, the S&P 500 dropped 1.9%, and the Nasdaq tumbled 2% lower. This meant all three major indices dropped over 3% for the week, which was their worst weekly performance since October.
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