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Morning Bell 13 May
All eyes today are on CBA’s financial results and the unfolding tension between China and Australia, after Beijing banned importing beef from 4 Aussie abattoirs.
Looking at the futures, the Australian share market is set for a fall of 1.3% at the open.
A trading idea for today: Bell Potter rose Premier Investments’ (ASX:PMV) price target to $18.50, implying a 21% share price growth in a year from yesterday’s close of $15.42.
Investors will be watching CBA (ASX:CBA) and Stockland (ASX:SGP).
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