Skip to main content

Latest stock market podcasts

Morning Bell 4 December

Bell Direct
December 4, 2023

Wall St rallied on Friday to close the week off strongly. The Dow Jones ended the trading week in the green up 0.82% with the S&P 500 and the tech-heavy Nasdaq both rising by 0.59% and 0.55% respectively.

Europe closed higher on Friday following a global rally in stocks and bonds. The STOXX600 ended the trading session up 1%, with mining stocks leading gains, up 4.2% after China’s manufacturing sector recording an unexpected expansion. Germany’s DAX rose 1.12%, the French CAC gained 0.48% and over in the UK, the FTSE100 ended the trading day just over 1% in the green.

Locally on Friday, the ASX200 closed 0.20% lower to end the trading week. Losses were led by the information technology and consumer staples sectors which lost 1.08% and 0.84% respectively. This was slightly offset by the energy sector which rose 0.12% on Friday.

What to watch today:

  • The Australian market is set to open higher, with the SPI futures suggesting a rise of 0.92% at the open this morning.
  • On the commodities front today,
    • Oil is down 2.49% to US$74.07/barrel as Saudi Arabia is expected to extend its voluntary cut of 1 million barrels a day.
    • Gold is up 1.78% to US$2071.96/ounce and iron ore is down 0.75% to US$132.50/tonne.

Trading Ideas:

  • Bell Potter maintains a buy rating on Develop Global (ASX:DVP) and has kept its 12-month price target steady at $4.30. The buy rating is maintained following the forthcoming restart of Woodlawn operations coinciding with growing revenue generation in the company’s underground mining services business. DVP was also awarded a $46 million underground development contract by the Mt Marion joint venture to establish and develop an exploration decline at the Mt Marion lithium mine in Western Australia.
  • And Trading Central has identified a bearish signal in Omni Bridgeway (ASX:OBL), indicating that the stock price may fall from the close of $1.47 to the range of $0.92-$1.02 on a pattern formed over 24 days, according to the standard principles of technical analysis.

Morning Bell 30 April

Bell Direct
April 30, 2021

Morning Bell 29 April

Bell Direct
April 29, 2021

Morning Bell 28 April

Bell Direct
April 28, 2021

Morning Bell 27 April

Bell Direct
April 27, 2021

Morning Bell 26 April

Bell Direct
April 26, 2021

Weekly Wrap 23 April

Bell Direct
April 23, 2021

Morning Bell 23 April

Bell Direct
April 23, 2021

Morning Bell 22 April

Bell Direct
April 22, 2021

Morning Bell 21 April

Bell Direct
April 21, 2021

Morning Bell 20 April

Bell Direct
April 20, 2021