5 things to watch on the ASX 200 on Tuesday 4 May 2021

On Monday the S&P/ASX 200 Index (ASX: XJO) started the week with a small gain. The benchmark index rose a few points to 7,028.8 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to have a positive day on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 16 points or 0.25% higher this morning. In the United States the Dow Jones rose 0.7% and the S&P 500 climbed 0.3%. The tech-focused Nasdaq index was out of form, though, and dropped 0.5%. This could weigh on local tech shares today.

Oil prices rise

Energy producers such as Beach Energy Ltd