Skip to main content

Morning Bell 26 July

Jessica Amir
July 26, 2021

The Aussie share market is set to open higher, with the futures suggesting a 0.3% lift, taking the market to another record all time high.

What to watch today:

  • In economic news, inflation data will be released on Wednesday. It is expected to show a 3.8% rise in inflation over the year in the last quarter.
  • The oil price lifted slightly to US$72, continuing to bounce back from last Monday’s fall.
  • The copper price rose 2.7%, while iron ore rose over 1%. Following these gains, BHP in New York lifted 1.1%, so it is expected that Australian listed commodity stocks will also do well today.
  • Mining and energy stocks given oil and iron ore rebounds.

Trading Ideas:

  • Health club business Viva Leisure (ASX:VVA) was reiterated as a Citi BUY stock, with a slimmer $2.50 price target, implying 38% share price growth in a year.
  • BrainChip (ASX:BRN), Damstra (ASX:DTC) and FireFinch (ASX:FFX) are all giving off bullish charting signals according to Trading Central.

Market Update

Julia Lee
October 31, 2017

Market Update

Julia Lee
October 30, 2017

October review

Julia Lee
October 27, 2017

Market Update

Julia Lee
October 26, 2017

Market Update

Julia Lee
October 25, 2017

Market Update

Julia Lee
October 24, 2017

Market Update

Julia Lee
October 23, 2017

Market Update

Julia Lee
October 19, 2017

Your Money Your Call

Julia Lee
October 18, 2017

Market Update

Julia Lee
October 17, 2017

Market Update

Julia Lee
October 13, 2017