Business
5 things to watch on the ASX 200 on Monday 8 February 2021
On Friday the S&P/ASX 200 Index (ASX: XJO) finished a very positive week with a strong gain. The benchmark index rose 1.1% to 6,840.5 points.
Will the market be able to build on this on Monday? Here are five things to watch:
ASX 200 expected to rise
The ASX 200 is expected to open the week slightly higher. According to the latest SPI futures, the benchmark index is poised to rise 5 points at the open. This follows a positive end to the week on Wall Street, which saw the Dow Jones rise 0.3%, the S&P 500 climb 0.4%, and the Nasdaq push 0.6% higher. The S&P 500 climbed 4.7% over the five days, which was its best weekly performance since November.
Oil prices climb
Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum…
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