Skip to main content

Latest stock market podcasts

Morning Bell 29 October

Bell Direct
October 29, 2024

Wall St closed higher overnight as softening oil prices lift stocks. The Dow Jones rose by 0.65%, the S&P500 gained 0.27% and the tech heavy Nasdaq ended Monday’s trading session 0.26% higher.

Over in Europe, markets closed higher with the STOXX600 ending Monday’s trading session 0.47% in the green. Gains were led by construction and media stocks which added 2% and 1.6% respectively, while oil and gas stocks fell 1.4%. Germany’s DAX rose 0.35%, the French CAC gained 0.79% and over in the UK the FTSE100 ended the trading session 0.45% higher.

Locally yesterday, the ASX200 closed 0.12% higher with the majority of sectors closing in the green. Gains were led by the information technology and consumer discretionary sectors which rose 1.97% and 0.97% respectively. This was offset by the utilities sector which fell 0.59% by market close.

What to watch today:

  • The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.42% at market open this morning.
  • On the commodities front this morning,
    • Oil is trading 5.27% lower at 67 US dollars and 98 cents a barrel after Israel’s strikes on Iran over the weekend missed the country’s crude facilities and nuclear infrastructure.
    • Gold is trading 0.17% lower at 2742 US dollars an ounce and iron ore is trading 0.16% lower at 104 US dollars and 23 cents a tonne.

Trading Ideas:

  • Bell Potter has upgraded its hold rating to a buy rating for Droneshield (ASX:DRO) and has a 12-month price target of $1.20. Bell Potter has changed its recommendation to a buy despite DRO’s revenue year to date being disappointing. Droneshield remains a high quality technology company, operating in a rapidly growing market and is well capitalised to maintain its market leading position, hence the buy rating is maintained.
  • Trading Central has identified a bearish signal on National Australian Bank (ASX:NAB), indicating that the stock price may fall from the close of $38.67 to the range of $35.10-$35.80, on a pattern formed over 24 days according to the standard principles of technical analysis.

Morning Bell 1 June

Sophia Mavridis
June 1, 2022

Morning Bell 31 May

Paulina Peters
May 31, 2022

Morning Bell 30 May

Sophia Mavridis
May 30, 2022

Weekly Wrap 27 May

Sophia Mavridis
May 27, 2022

Morning Bell 25 May

Paulina Peters
May 26, 2022

Morning Bell 25 May

Paulina Peters
May 25, 2022

Morning Bell 24 May

Sophia Mavridis
May 24, 2022

Morning Bell 23 May

Sophia Mavridis
May 23, 2022

Weekly Wrap 20 May

Sophia Mavridis
May 20, 2022

Morning Bell 19 May

Paulina Peters
May 19, 2022

Morning Bell 18 May

Sophia Mavridis
May 18, 2022

Morning Bell 17 May

Sophia Mavridis
May 17, 2022