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.

Market Update 1 April

Jessica Amir
April 1, 2020

March Market Overview

Jessica Amir
March 31, 2020

Morning Bell 25 March

Jessica Amir
March 25, 2020

Weekly Wrap 20 March

Bell Direct
March 20, 2020

Market Update 20 March

Jessica Amir
March 20, 2020

Market Update 19 March

Jessica Amir
March 19, 2020

Morning Bell 18 March

Jessica Amir
March 18, 2020

Morning Bell 17 March

Jessica Amir
March 17, 2020

Market Update 16 March

Bell Direct
March 16, 2020

Weekly Wrap 13 March

Jessica Amir
March 13, 2020

Market Update 12 March

Paulina Peters
March 12, 2020