Skip to main content

Latest stock market podcasts

Morning Bell 15 September

Sophia Mavridis
September 15, 2022

US inflation came in hotter than expected this week, with consumer prices rising 8.3% year-over-year in August. However, what was even more concerning than the headline figure was the core inflation measure excluding volatile food and energy prices, which accelerated from 5.9% in July to 6.3% in August. Now, the interest rate futures responded to the inflation readings by pricing out any probability of a 0.5% hike at next week’s Fed meeting, and pricing in a 32% likelihood of a full percentage point hike, up from 0% probability one week prior.

US equities overnight closed higher. The Dow Jones slightly higher, up just 0.1%, the S&P500 up 0.3% and the Nasdaq up 0.7%.

What to watch today:

  • Locally, the Australian market is set to open flat this morning, with the SPI futures suggesting a rise of just 0.09%. Investors are hoping for a more positive outlook today, after yesterday’s heavy sell-off.
  • In commodities,
    • Oil is trading just under 2% higher, as investors continue to assess the outlook for global demand. Oil stocks to watch include Santos (ASX:STO) and Woodside Energy (ASX:WDS).
    • Gold is in the red, weighed down by a sharp US dollar, as the higher-than-expected US inflation figures fuelled expectations that the Fed will continue to raise rates. So gold miners to keep your eye on are Evolution Mining (ASX:EVN) and Regis Resources (ASX:REG).
    • And iron ore is trading at its highest level in almost three weeks, amid prospects of increased Chinese demand. China, a top steel producer and iron ore consumer, has announced more stimulus measures to support its COVID-hit economy, which includes new infrastructure projects. So keep watch of miners that may benefit from rising iron ore prices, such as Rio Tinto (ASX:RIO), Fortescue Metals (ASX:FMG), BHP (ASX:BHP), and Champion Iron (ASX:CIA).
  • Stocks set to go ex-dividend today, which often sees share prices fall include Best & Lee (ASX:BST), Earlypay (ASX:EPY), IGO (ASX:IGO), Regis Healthcare (ASX:REG), Ramelius Resources (ASX:RMS) and South32 (ASX:S32).

Trading Ideas:

  • Bell Potter maintain a Speculative Buy rating on Avita Medical (ASX:AVH) with a valuation of $3.00. At its current share price of $1.95, this implies 53.8% share price growth in a year.
  • Trading Central have identified a bearish signal in Bendigo and Adelaide Bank (ASX:BEN), indicating that the stock price may fall from the close of $8.43 to the range of $7.90 to $8.00, over 5 days, according to the standard principles of technical analysis.

Morning Bell 24 April

Bell Direct
April 24, 2020

Morning Bell 23 April

Bell Direct
April 23, 2020

Market Update 22 April

Bell Direct
April 22, 2020

Market Update 21 April

Bell Direct
April 21, 2020

Market Update 20 April

Bell Direct
April 20, 2020

Market Update 17 April

Bell Direct
April 17, 2020

Weekly Wrap 17 April

Bell Direct
April 17, 2020

Market Update 16 April

Bell Direct
April 16, 2020

Morning Bell 15 April

Bell Direct
April 15, 2020

Market Update 9 April

Bell Direct
April 9, 2020

Weekly Wrap 9 April

Bell Direct
April 9, 2020

Market Update 8 April

Bell Direct
April 8, 2020