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, 2021

Morning Bell 22 April

Jessica Amir
April 22, 2021

Morning Bell 21 April

Sophia Mavridis
April 21, 2021

Morning Bell 20 April

Sophia Mavridis
April 20, 2021

Morning Bell 19 April

Paulina Peters
April 19, 2021

Weekly Wrap 16 April

Jessica Amir
April 16, 2021

Morning Bell 16 April

Jessica Amir
April 16, 2021

Morning Bell 15 April

Jessica Amir
April 15, 2021

Morning Bell 14 April

Jessica Amir
April 14, 2021

Morning Bell 13 April

Jessica Amir
April 13, 2021

Morning Bell 12 April

Jessica Amir
April 12, 2021