Five Things to Note at the ASX200 on Monday, December 6, 2021

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On Friday S & P / ASX200 Index (ASX: XJO) finished a difficult week with a positive attitude. The Benchmark Index rose 0.2%, ending the week with 7,241.2 points.

Can the market build on this on Monday? Here are five things to keep in mind:

ASX200 is expected to rise

The Australian stock market appears to start this week with some positive moves. According to the latest SPI futures, the ASX 200 is expected to open 11 points this morning, a 0.15% higher day. This is despite the very red end of the Wall Street week, when the Dow Jones fell 0.2%, the S & P 500 fell 0.85% and the Nasdaq fell 1.9%.

Mixed oil price

Energy producers such as Santos Co., Ltd. (ASX: STO) When Woodside Petroleum Limited (ASX: WPL) It will be noticed after crude oil prices have been mixed up that week. According to Bloomberg, WTI crude oil prices fell 0.35% to $ 66.26 a barrel and Brent crude oil prices rose 0.3% to $ 69.88 a barrel. This follows OPEC’s comment that it will act when demand weakens.

Quarterly rebalancing

The S & P Dow Jones Index has announced a December quarterly rebalance of the S & P / ASX Index. This makes six changes to the ASX200. Ltd (ASX: KGN), Nearmap Ltd (ASX: NEA), When Redbubble Ltd (ASX: RBL) Dumped from the index on December 20th.

Gold price soars

Gold miner New Crest Mining Limited (ASX: NCM) When Northern Star Resources Co., Ltd. (ASX: NST) After the gold price soared on Friday night, we were able to start the week with a very positive note. According to CNBC Spot gold price It rose 1.3% to 1 ounce US $ 1,783.90. Concerns about COVID and lower bond yields have pushed up demand for gold.

Metcash Semi-Annual Settlement

NS Metcash Limited (ASX: MTS) Shares will be noteworthy on Monday, when the six-month results will be announced. According to Ord Minnett’s note, the analyst expects a net profit of $ 141 million over six months. This is expected to allow the company to pay an interim dividend of 10.5 cents per share.

Five Things to Note at the ASX200 on Monday, December 6, 2021

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