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 29 June

Sophia Mavridis
June 29, 2022

Morning Bell 28 June

Paulina Peters
June 28, 2022

Morning Bell 27 June

Sophia Mavridis
June 27, 2022

Weekly Wrap 24 June

Sophia Mavridis
June 24, 2022

Morning Bell 23 June

Paulina Peters
June 23, 2022

Morning Bell 22 June

Sophia Mavridis
June 22, 2022

Morning Bell 21 June

Paulina Peters
June 21, 2022

Morning Bell 20 June

Sophia Mavridis
June 20, 2022

Weekly Wrap 17 June

Sophia Mavridis
June 17, 2022

Morning Bell 16 June

Paulina Peters
June 16, 2022