On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a mildly positive fashion. The benchmark index rose 0.15% to 8,809.9 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX 200 expected to edge lower
The Australian share market looks set for a subdued session on Tuesday despite a decent start to the week in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 7 points or 0.1% lower. On Wall Street, the Dow Jones rose 0.3%, the S&P 500 rose 0.7%, and the Nasdaq climbed 0.85%.
CSL AGM
All eyes will be on CSL Ltd (ASX: CSL) shares on Tuesday. That's because the biotechnology giant will be holding its eagerly anticipated annual general meeting in Melbourne. It is possible the company will provide the market with a trading update ahead of the event. And given the recent rebound in its share price, it seems that investors are expecting a much-improved performance.
Oil prices fall
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) will be on watch following a poor night for oil prices. According to Bloomberg, the WTI crude oil price is down 1.8% to US$101.40 a barrel and the Brent crude oil price is down 1.2% to US$115.32 a barrel. This was driven by easing tensions in the Middle East.
NAB shares given trim rating
The National Australia Bank Ltd (ASX: NAB) share price could be fully valued according to analysts at Morgans. Ahead of the release of its FY 2026 results next month, the broker has trimmed its earnings estimates to reflect softening balance sheet growth. It has put a trim rating and $35.67 price target on NAB shares. It said: "We make c.2% downgrades to cash EPS forecasts ahead of the FY26 result, largely related to balance sheet growth (moderated). >Minor increase to DCF-based target price, now $35.67/sh. >TRIM retained, given potential TSR at current prices of c.-9%."
Gold price rises
ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a good session on Tuesday after the gold price rose overnight. According to CNBC, the gold futures price is up 0.5% to US$4,027.2 an ounce. Lower oil prices eased inflation fears ahead of the US Federal Reserve meeting.
The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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