Skip to main content

Morning Bell 2 June

Jessica Amir
June 2, 2021

The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.2%.

What to watch today:

  • The 15 day moving average has just nudged above the 30 day moving average. This indicates a technical uptrend is forming. But, as the moving averages lines are virtually on top of each other, the market could go either way from here.
  • In economic news, GDP data will be released today.
  • The RBA forecasts GDP for the full year to be 4.75%. Banks expect unemployment to fall to 5% this year. Bond yields will likely rise.
  • Iron ore price rose 4.1%, heading back to its all time high. Watch Mineral Resources (ASX:MIN).
  • Most traded stocks by Bell Direct clients yesterday: Fortescue Metals (ASX:FMG) & Magnetite Mines (ASX:MGT).

Trading Ideas:

  • GenusPlus Group (ASX:GNP) had its price target upgraded by Bell Potter, with a new $1.25 target, following yesterday’s 6% jump.
  • BUBs Australia (ASX:BUB), Ava Risk Group (ASX:AVA) Atomos (ASX:AMS) are all giving off bullish charting signals according to Trading Central.

Morning Bell 10 March

Grady Wulff
March 10, 2023

Morning Bell 9 March

Grady Wulff
March 9, 2023

Morning Bell 8 March

Grady Wulff
March 8, 2023

Morning Bell 7 February

Sophia Mavridis
March 7, 2023

Morning Bell 6 March

Grady Wulff
March 6, 2023

Weekly Wrap 3 March

Grady Wulff
March 3, 2023

Morning Bell 3 March

Sophia Mavridis
March 3, 2023

Morning Bell 2 March

Grady Wulff
March 2, 2023

Morning Bell 1 March

Grady Wulff
March 1, 2023

Morning Bell 28 February

Sophia Mavridis
February 28, 2023

Morning Bell 27 February

Grady Wulff
February 27, 2023