Why Could Woodside Energy (ASX:WDS) and WiseTech Global (ASX:WTC) Be in Focus as the ASX Opens?

3 min read | July 20, 2026 10:01 AM AEST | By Sam

Highlights

  • Woodside Energy (ASX:WDS) could attract attention as stronger oil prices support the energy sector.
  • WiseTech Global (ASX:WTC) may remain in focus as global technology sentiment stays under pressure.
  • Geopolitical developments and artificial intelligence concerns are expected to influence trading across Australian equities.

Australian shares are expected to open on a firmer footing despite another cautious session on Wall Street, where concerns surrounding artificial intelligence valuations and escalating geopolitical tensions weighed on investor sentiment. While stronger oil prices may support Australia's energy sector, weakness across global technology stocks could continue influencing local software and technology companies. Investors are also expected to monitor developments in the Middle East alongside the global earnings season for further direction. Within the ASX 200, commodity markets and technology sector performance are likely to remain key drivers of sentiment.

Energy sector may benefit from stronger oil prices

Renewed geopolitical tensions have pushed global oil prices higher, placing energy companies back in the spotlight.

Australian energy producers often attract increased attention during periods of stronger crude oil prices, particularly those with exposure to international energy markets.

Investors are expected to continue monitoring developments affecting global energy supply and market stability.

Why is Woodside Energy attracting attention?

Woodside Energy remains one of Australia's leading energy producers with significant exposure to global oil and liquefied natural gas markets.

Changes in energy prices and geopolitical developments continue influencing market sentiment toward the company.

As uncertainty surrounding global energy markets persists, Woodside may remain among the closely watched companies on the Australian market.

Technology sector remains under pressure

Global technology stocks continued facing selling pressure as investors reassessed expectations surrounding artificial intelligence investment.

Questions surrounding technology spending and competition within the artificial intelligence industry continue influencing broader market sentiment.

Australian technology companies may also experience heightened attention as investors evaluate developments across global software and semiconductor markets.

Why is WiseTech Global in focus?

WiseTech Global continues expanding its CargoWise logistics software platform while integrating advanced digital capabilities across global supply chains.

The company remains one of Australia's leading technology businesses and is often influenced by broader international sentiment towards enterprise software and artificial intelligence.

Developments across global technology markets may continue affecting investor interest in Australian software companies.

Readers following Australia's digital economy can also explore ASX Technology Stocks for additional sector updates.

Investors await a busy week

Attention is expected to turn toward corporate earnings announcements from major international technology companies as reporting season gathers momentum.

Australian investors will also monitor upcoming economic releases and central bank developments for further signals on the broader economic outlook.

Commodity prices, inflation expectations and geopolitical developments are expected to remain important themes throughout the week.

What could investors monitor next?

Market participants are likely to continue following energy markets, technology earnings and geopolitical developments.

Updates relating to artificial intelligence, commodity prices and global economic indicators are also expected to influence market sentiment.

Operational announcements from Australian companies across the energy and technology sectors may remain key areas of focus.

Australian shares are expected to begin the week amid stronger energy markets and continued uncertainty across global technology stocks. Woodside Energy could benefit from ongoing strength in oil markets, while WiseTech Global may remain closely watched as investors assess broader sentiment towards artificial intelligence and enterprise software. Geopolitical developments and corporate earnings are expected to remain important influences on market direction.

Frequently Asked Questions

  • Why is Woodside Energy attracting attention?
    Woodside remains closely linked to global oil market developments and changing energy sector conditions.
  • Why is WiseTech Global in focus?
    WiseTech continues expanding its logistics software platform while broader technology sector sentiment remains under close watch.
  • What could influence the ASX this week?
    Investors are expected to monitor energy prices, technology earnings, economic data and geopolitical developments.

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