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Good morning, well the Aussies share market is eyeing another positive day.

The futures are suggesting a lift of 0.2% at the open as investors continue to focus on positivity and global economies reopening.

Now in the U.S, travel and tourism stocks charged ahead helping the U.S benchmark indices kick off June on a high.

The Nasdaq gained 0.7%, the Dow up 0.4% while the S&P500 also rose 0.4% but closed just 10% below its February all-time high.

In the U.S, the standout stocks included U.S airliners like American Airlines, Delta and United, all up about 4% each.

On the data side of things, investors also absorbed news out of China that its economy is continuing to grow and that news was in terms of PMIs for May.

Meantime the Oil price lifted 0.4% to $35.60, while the Iron Ore price surged 7.3% to a 10-month high of $98.78 on the back of Brazil’s iron ore giant Vale closing some of its mines due to massive spikes in COVID-19 infections.

Gold came out of favor and paired back to $1,751 an ounce.

Now what to watch today, well all eyes will be on the RBA which is tipped to hold interest rates at 0.25% given the economy is reopening.

But the key is to look at the RBA target and one of those is getting the unemployment rate to just 4.5%, we know the RBA expects unemployment to peak later this year at10%, but it’s still likely to hold rates as is, given the RBA says that the 0.25% rate is it’s a lower bound, there’s also talk of why the RBA won’t cut rates to 0% like in Europe and Japan, but if the RBA did cut rates to 0% it would not help saving rates or economic activity and simply for the matter of banks being some of the largest employers in Australia and their profits would be squeezed yet again, which would also risk wage growth.

Now secondly, the CEO of pallet business Brambles (ASX:BXB) along with the company’s CFO increased their stake  in the pallet business Brambles.

And thirdly, Arena REIT (ASX:ARF) advised that it’s on track to meet its distribution levels for the year and that it’s dropping its gearing levels to 17.6%, following its capital raisings.

Now to two trading ideas, well firstly, Bell Potter upgraded agribusiness Elders (ASX:ELD) yet again giving it a price target of $11.85 the Agribusiness reported a better than expected agricultural reporting season and Bell Potter expects further cost savings following its recent acquisition and also to continue to benefit from weather normalization, Bell Potter increased its profit estimates for Elders as a result.

Now secondly, Adairs (ASX:ADH) their online sales are surging, it’s registered for job keeper and its reopening stores across Australia.

UBS today upgraded Adair’s stocks (ASX:ADH) to $2.15, that was a rise of 13%. The stock was also recently upgraded by Goldman Sachs as a buy, with a target of $2.40.

I’m Jessica I’m here with Bell Direct, stay safe and happy trading.