Skip to main content

Morning Bell 11 June

Jessica Amir
June 11, 2021

The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.1%.

All three US indices rose overnight, despite an inflationary reading that saw consumer prices rise more than expected.

What to watch today:

  • Food and beverage companies will be in focus, as Victoria ended its lockdown overnight and hospitality ventures reopen. Watch Wesfarmers (ASX:WES) and Coles (ASX:COL).
  • Australia and Singapore could start a travel bubble if more Australians are vaccinated and transmissions fall. Watch travel stocks including Flight Centre (ASX:FLT), Qantas (ASX:QAN), Webjet (ASX:WEB) and Adacel (ASX:ADA).
  • Demand for iron ore is surging. The iron ore price could rise from its current level at US$214 to US$300. Keep an eye on iron ore stocks.

Trading Ideas:

  • Citi has a Buy recommendation on Zip (ASX:Z1P) with a $10.90 price target.
  • Adriatic Metals (ASX:ADT), Nitro Software (ASX:NTO) and Shopping Centres Australasia Property Group (ASX:SCP) are all giving off bullish charting signals according to Trading Central.

Morning Bell 30 July

Jessica Amir
July 30, 2020

Morning Bell 29 July

Jessica Amir
July 29, 2020

How to use ETFs in your portfolio

Bell Direct
July 28, 2020

Morning Bell 28 July

Jessica Amir
July 28, 2020

Morning Bell 27 July

Jessica Amir
July 27, 2020

Weekly Wrap 24 July

Jessica Amir
July 24, 2020

Morning Bell 24 July

Paulina Peters
July 24, 2020

Morning Bell 23 July

Jessica Amir
July 23, 2020

Morning Bell 22 July

Jessica Amir
July 22, 2020

Morning Bell 21 July

Jessica Amir
July 21, 2020