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 11 November

Paulina Peters
November 11, 2021

Morning Bell 10 November

Sophia Mavridis
November 10, 2021

Morning Bell 9 November

Paulina Peters
November 9, 2021

Morning Bell 8 November

Sophia Mavridis
November 8, 2021

Weekly Wrap 5 November

Sophia Mavridis
November 5, 2021

Morning Bell 4 November

Paulina Peters
November 4, 2021

Morning Bell 3 November

Sophia Mavridis
November 3, 2021

Morning Bell 2 November

Paulina Peters
November 2, 2021

Morning Bell 1 November

Sophia Mavridis
November 1, 2021

Weekly Wrap 29 October

Sophia Mavridis
October 29, 2021

Morning Bell 28 October

Paulina Peters
October 28, 2021

Morning Bell 27 October

Sophia Mavridis
October 27, 2021