On Monday the S&P/ASX 200 Index (ASX: XJO) was out of form and started the week with a decline. The benchmark index dropped 0.3% to 6,974 points.
Will the market be able to bounce back from this on Tuesday? Here are five things to watch:
ASX 200 futures pointing higher
The Australian share market looks set to edge higher this morning despite a subdued night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 0.1% or 6 points higher. On Monday night the Dow Jones fell 0.15%, the S&P 500 was flat, and the Nasdaq was down 0.35%. Investors appear nervous ahead of the release of key US inflation data.
Oil prices rise
Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside…