The ASX 200 is set to open the week with a positive outlook, despite a flat week ending on Friday. The index is expected to rise by 0.6%, opening at 8,796.7 points, following a poor session on Wall Street. The market's resilience is notable, especially considering the global market's downturn, with the Dow Jones, S&P 500, and Nasdaq all experiencing significant drops. This positive outlook is further bolstered by the recent surge in oil prices, which could benefit ASX 200 energy shares. Santos Ltd and Woodside Energy Group Ltd are poised to benefit from the 4.5% and 4.6% increases in WTI and Brent crude oil prices, respectively, driven by US-Iran tensions. This development highlights the market's sensitivity to geopolitical events and the potential impact on energy stocks. In the technology sector, WiseTech Global Ltd shares are considered undervalued by analysts at Bell Potter, who have retained their buy rating and $71.75 price target. The company's logistics software is seen as a strong investment, with higher forecast earnings growth compared to Technology One. The gold market, however, presents a mixed picture. While the gold futures price rose by 0.65%, recording a weekly decline due to increased US interest rate bets. This dynamic could impact ASX 200 gold shares, Newmont Corporation and Northern Star Resources Ltd, which may experience a decent start to the week. In the mining sector, BHP Group Ltd shares are considered to be around fair value, with the broker retaining its hold rating and $60.20 price target. The company's operational results for FY26 were largely in line with consensus, showcasing its resilience in a healthy upcycle for resources. The ASX 200's performance on Monday will be crucial in determining the market's trajectory for the week, with these sectors and stocks likely to play a significant role.
