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 3 October

Sam Kanaan
October 3, 2023

Morning Bell 2 October

Grady Wulff
October 2, 2023

Weekly Wrap 29 September

Grady Wulff
September 29, 2023

Morning Bell 29 September

Sam Kanaan
September 29, 2023

Morning Bell 28 September

Grady Wulff
September 28, 2023

Morning Bell 27 September

Grady Wulff
September 27, 2023

Morning Bell 26 September

Sam Kanaan
September 26, 2023

Morning Bell 25 September

Grady Wulff
September 25, 2023

Morning Bell 22 September

Sam Kanaan
September 22, 2023

Morning Bell 21 September

Sophia Mavridis
September 21, 2023

Morning Bell 20 September

Sam Kanaan
September 20, 2023

Morning Bell 19 September

Sophia Mavridis
September 19, 2023