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 23 January

Jessica Amir
January 23, 2020

Morning Bell 22 January

Jessica Amir
January 22, 2020

Morning Bell 21 January

Jessica Amir
January 21, 2020

Morning Bell 20 January

Jessica Amir
January 20, 2020

Morning Bell 17 January

Jessica Amir
January 17, 2020

Morning Bell 15 January

Jessica Amir
January 15, 2020

Morning Bell 14 January

Jessica Amir
January 14, 2020

Morning Bell 13 January

Jessica Amir
January 13, 2020

Morning Bell 9 January

Jessica Amir
January 9, 2020

Morning Bell 8 January

Jessica Amir
January 8, 2020

Morning Bell 3 January

Jessica Amir
January 3, 2020

Morning Bell 2 January

Jessica Amir
January 2, 2020