Key Highlights to Monitor on the ASX 200 This Tuesday

Australian investors anticipate a potentially improved day on Tuesday following a challenging Monday, marked by a 1.8% decline in the S&P/ASX 200 Index (ASX: XJO), closing at 7,704.2 points. As the market seeks to rebound, here are five crucial aspects to monitor, including insights on ASX dividend stocks.

ASX 200 Outlook

The Australian share market is expected to make a modest recovery on Tuesday, following a mixed start to the week on Wall Street. The latest SPI futures indicate that the ASX 200 is likely to open the day 4 points higher. Late trade in the United States saw the Dow Jones up 0.2%, the S&P 500 down 0.15%, and the NASDAQ 0.3% lower.

Ex-Dividend Impact on ASX 200 Shares

Two notable ASX 200 companies, IGO Ltd (ASX: IGO) and News Corporation (ASX: NWS), are scheduled to go ex-dividend on Tuesday. Shareholders may witness lower trading as IGO pays a fully franked 11 cents per share dividend, while News Corp is set to pay 10.7 cents per share.

Oil Price Surge

Energy shares on the ASX, including Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR), could experience positive momentum as oil prices rose overnight. Bloomberg reports a 0.15% increase in the WTI crude oil price to US$78.13 a barrel and a 0.4% rise in the Brent crude oil price to US$82.44 a barrel. Traders are expressing optimism ahead of the next inflation reading.

Iron Ore Challenges for BHP and Rio Tinto

BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) might face a challenging session as the benchmark iron ore price suffered a 6.8% drop to US$107.35 a tonne on Monday. The repercussions extended to the mining giants' Wall Street-listed shares, leading to a decline during overnight trade.

Gold Shines Amid Rate Cut Bets

ASX 200 gold shares, including Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL), could enjoy a positive session following a rise in the gold price on Monday. CNBC reports a 0.1% increase in the spot gold price to US$2,188.2 an ounce, driven by growing rate cut bets.

In conclusion, Tuesday's trading session holds promise for Australian investors as the market seeks to recover from Monday's downturn. The diverse influences from dividend actions, oil price movements, iron ore challenges, and gold's resilience add layers of complexity to the unfolding market dynamics.