Skip to main content

Morning Bell 17 June

Sophia Mavridis
June 17, 2021

Well the US Federal Reserve have kept rates unchanged, but raised expectations of at least two increases in interest rates by the end of 2023.

China announced yesterday that they would release national reserves of aluminium, copper and zinc, to stabilise commodity prices. This weighed down on miners, however the ASX200 still closed higher.

Despite US equities falling overnight, the Aussie share market is set to open higher, with the futures suggesting the market will rise by 7 points.

What to watch today:

  • The RBA bulletin will be released this morning at 11:30am AEST, with announcements on the unemployment and participation rates.
  • Keep an eye on Coles (ASX:COL) as they hold their virtual strategy day today, where they will provide an update on their refreshed strategy, with the potential for an update on their sales.
  • The oil price is down 0.8%, gold is down 2.4%, copper is down 1.5% and iron ore is trading 0.2% lower.
  • The most traded stocks by Bell Direct clients yesterday were Northern Star Resources (ASX:NST), BHP (ASX:BHP) and Flight Centre (ASX:FLT).

Trading ideas:

  • Bell Potter have reiterated their BUY recommendation on Imdex (ASX:IMD) with an increased price target of $2.35 (previously $2.20).
  • Straker Translations (ASX:STG), Credit Corp Group (ASX:CCP) and Adore Beauty Group (ASX:ABY) are all giving off bullish charting signals according to Trading Central.

The Spectrum Strategic Income Fund

Bell Direct
November 6, 2018

The Schroder Fixed Income Fund

Bell Direct
November 6, 2018

The Schroder Absolute Return Income Fund

Bell Direct
November 6, 2018

Market Update

Julia Lee
September 21, 2018

Equity Investor 17 September

Julia Lee
September 18, 2018

Equity Investor 10 September

Julia Lee
September 11, 2018

Equity Investor 3 September

Julia Lee
September 4, 2018

Market Update

Julia Lee
August 31, 2018

Equity Investor 27 August

Julia Lee
August 28, 2018

Market Update

Julia Lee
August 27, 2018

Market Update

Julia Lee
August 24, 2018