Skip to main content

Morning Bell 2 October

Jessica Amir
October 2, 2020

The Aussie share market is eyeing a fall of 0.5% at the open.

For the first day of October in the U.S. it was a bumpy one, with equities briefly dipping into the red after a U.S. stimulus vote was delayed to next Thursday, with traders hoping it would be done sooner.

What to watch today:

  • On the economic side, retail sales are out today and are expected to fall 4.2%.
  • The oil price has fallen 4% to US$38.
  • Gold rebounded, lifting 0.9% to US$1,912.
  • The iron ore price lifted 2%.

Trading ideas:

  • Alumina (ASX:AWC) was upgraded by Citi as a buy with a new $1.80 target.
  • SSR Mining (ASX:SSR) was initiated as a UBS buy with a $33 target, following its merger with Alacer.
  • Sezzle (ASX:SZL), Netwealth (ASX:NWL) and Paradigm Biopharmaceuticals (ASX:PAR) are all showing bullish charting signals according to Trading Central.

Morning Bell 23 April

Jessica Amir
April 23, 2020

Market Update 22 April

Jessica Amir
April 22, 2020

Market Update 21 April

Jessica Amir
April 21, 2020

Market Update 20 April

Jessica Amir
April 20, 2020

Weekly Wrap 17 April

Jessica Amir
April 17, 2020

Market Update 17 April

Jessica Amir
April 17, 2020

Market Update 16 April

Jessica Amir
April 16, 2020

Morning Bell 15 April

Jessica Amir
April 15, 2020

Market Update 9 April

Jessica Amir
April 9, 2020

Weekly Wrap 9 April

Jessica Amir
April 9, 2020

Market Update 8 April

Jessica Amir
April 8, 2020

Morning Bell 7 April

Jessica Amir
April 7, 2020