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ASX 200 | A B C D E F G H I J L M N O P Q R S T U V W X

The Motley Fool Australia Stock Market News 5 Things to See on the ASX 200 on Tuesday

James Mickleboro | 2 February 2021, 6:26 am | More about: BPT CCP EVN SAR STO ASX 200

On Monday, the S&P / ASX 200 Index (ASX: XJO) rebounded from a sharp early decline and posted a strong gain, with the benchmark index rising 085% to 6663 points

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

The ASX 200 is expected to continue its recovery on Tuesday According to the latest SPI futures, the ASX 200 is expected to open 34 points, or 0.5% higher this morning on the day, following a positive start to the week on Wall Street in the the Dow Jones is up 85% in late trade, the S&P 500 is up 17% and the Nasdaq is up a whopping 26%

Earning season kicks off this morning with Credit Corp Group Limited’s (ASX: CCP) half-year earnings release, Morgans expects the debt collection company to deliver strong earnings analysts expect cash earnings to be up year-on-year by 10% and the half-year net profit by 2% 5% The broker sees an upside risk for his earnings estimates

It should be a good day for energy producers like Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) on Tuesday after a strong night in oil prices, according to Bloomberg, WTI crude oil prices rose 2.3% to US $ 53 -Dollar41 a barrel and Brent crude oil price is up 23% to USD 5629 a barrel Oil prices soared after inventories fell and demand picked up

Gold mining companies like Evolution Mining Ltd (ASX: EVN) and Saracen Mineral Holdings Limited (ASX: SAR) could have a good day after gold prices rose, according to CNBC, spot gold prices rose 065% to 1Also of note is that the price of silver rose 9% overnight as Reddit traders attempted to squeeze the precious metal

This afternoon, the Reserve Bank of Australia will hold its first meeting in 2021 and discuss the cash rate, according to the latest cash rate futures, the market is projecting a 75% chance of dropping to zero, which would be worse news for high income investors who may be struggling with even lower interest rates on savings accounts and time deposits

If investment expert Scott Phillips has a stock tip, it may be worth listening to. After all, the Motley Fool Share Advisor’s flagship newsletter, which it has operated for more than eight years, has offered thousands of paying members stock choices that have doubled, tripled or even more has *

Scott just announced what he thinks are the top five ASX stocks that investors can buy right now. These stocks trade at dirt cheap prices, and Scott thinks they are great buys right now

James Mickleboro, contributor to Motley Fool, has no position in any of the stocks mentioned The Motley Fool Australia has no position in any of the stocks mentioned The Motley Fool has a disclosure policy This article provides general investment advice only (under AFSL 400691) Authorized by Bruce Jackson

In this FREE SHARE REPORT, Scott Phillips just revealed what he thinks are the 3 ASX stocks for the post-COVID world that investors should buy now while they still can

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ASX News

World News – AU – 5 Things You Should See at ASX 200 on Tuesday

Source: https://www.fool.com.au/2021/02/02/5-things-to-watch-on-the-asx-200-on-tuesday-2-february-2021/