Skip to main content

Latest stock market podcasts

Morning Bell 5 November

Bell Direct
November 5, 2024

Wall St closed lower overnight as investors await results from the US federal election this week. The Dow Jones fell 0.61%, the S&P500 lost 0.28% and the tech-heavy Nasdaq dropped 0.33%.

Over in Europe, markets closed lower with the STOXX600 closing 0.3% lower. Technology stocks were the biggest losers, lowering 1.1%, whilst banks gained 0.7%. Germany’s DAX lost 0.56%, the French CAC dropped half a percent and over in the UK the FTSE100 closed slightly higher by 0.09%.

Locally yesterday, the ASX200 closed 0.56% higher with the majority of sectors closing in the green by the closing bell. Gains were led by the information technology and utilities sectors which rose by 1.71% and 1.7% respectively. This was offset by the energy sector which fell by 0.71% by the end of the trading day.

What to watch today:

  • The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.4% by market open this morning.
  • In terms of economic news, the RBA interest rate decision will be released today with a forecast and consensus for it to stay steady at its previous result of 4.35%. The US presidential results will also be announced after local market close today.
  • On the commodity front this morning,
    • Oil is trading 3.12% higher at 71 US dollars and 71 cents a barrel as there are concerns that Iran may strike back at Israel in the coming days.
    • Gold is trading flat at 2736 US dollars an ounce and iron ore is trading 1.29% lower at 102 US dollars and 49 cents a tonne.

Trading Ideas:

  • Bell Potter maintains a buy rating on AV Jennings Limited (ASX:AVJ) and has a current 12-month price target of $0.45. The current share price of $0.30 indicates a share price growth of 50%, hence the buy rating is maintained.
  • And Trading Central has identified a bullish signal in Resimac Group (ASX:RMC) , indicating that’s the stock price may rise from the close of $0.89 to the range of $1.01-$1.03, on a pattern formed over 74 days, according to the standard principles of technical analysis.

Morning Bell 28 September

Jessica Amir
September 28, 2021

Morning Bell 27 September

Jessica Amir
September 27, 2021

Weekly Wrap 24 September

Jessica Amir
September 24, 2021

Morning Bell 24 September

Sophia Mavridis
September 24, 2021

Morning Bell 23 September

Paulina Peters
September 23, 2021

Morning Bell 22 September

Jessica Amir
September 22, 2021

Morning Bell 21 September

Jessica Amir
September 21, 2021

Morning Bell 20 September

Jessica Amir
September 20, 2021

Weekly Wrap 17 September

Jessica Amir
September 17, 2021

Morning Bell 17 September

Paulina Peters
September 17, 2021

Morning Bell 16 September

Jessica Amir
September 16, 2021

Morning Bell 15 September

Jessica Amir
September 15, 2021