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.

Weekly Wrap 13 October

Grady Wulff
October 13, 2023

Morning Bell 13 October

Sam Kanaan
October 13, 2023

Morning Bell 12 October

Grady Wulff
October 12, 2023

Morning Bell 11 October

Grady Wulff
October 11, 2023

Morning Bell 10 October

Sam Kanaan
October 10, 2023

Morning Bell 9 October

Grady Wulff
October 9, 2023

Weekly Wrap 6 October

Grady Wulff
October 6, 2023

Morning Bell 6 October

Sam Kanaan
October 6, 2023

Morning Bell 5 October

Grady Wulff
October 5, 2023

Morning Bell 4 October

Grady Wulff
October 4, 2023

Morning Bell 3 October

Sam Kanaan
October 3, 2023

Morning Bell 2 October

Grady Wulff
October 2, 2023