Australian Share Market Faces Cautious Start as Energy Stocks Attract Attention
The Australian share market is expected to face a cautious start on Monday after a soft end to the US session, with energy and resources stocks likely to attract attention.
The benchmark ASX 200 finished the previous week slightly lower, while mixed trading across major US indices provided little clear direction for the local session.
Santos, a major Australian oil and gas producer, could respond to the latest movement in crude prices, which have eased amid expectations around global supply flows. Santos' share price currently stands at $8.64 AUD, up 1.528% from the previous day's close.
Nickel Industries is also in focus following an updated market view, with its share price currently trading at $0.80 AUD, a 2.581% increase from the previous day's close.