Skip to main content

Morning Bell 3 June

Jessica Amir
June 3, 2021

Yesterday, the ASX200 closed at a new record high for the first time in history, at a 1.1% gain.

Overnight, all three US indices moved up modestly by 0.1%.

This morning the Aussie share market is set to reach a brand new record high, with the futures suggesting the market will rise 0.2%.

What to watch today:

  • In economic news, Retail Trade Data is out today for April.
  • Balance of Trade data set to be released 11:30am AEST.
  • The Oil price moved over its two- year high to US$68.77 a barrel.
  • The Iron Ore price rose 3%, trading at $207.50 a tonne.
  • The Gold price rose modestly to US$1,911.

Trading Ideas:

  • Worley (ASX:WOR) is a Citi BUY with a $12.60 price target, and Macquarie has a BUY on the stock, with a $12.00 price target.
  • Superloop (ASX:SLC), Charter Hall Group (ASX:CHC), and FYI Resources (ASX:FYI) are all giving off bullish charting signals, according to Trading Central.

Morning Bell 4 November

Bell Direct
November 4, 2024

Weekly Wrap 1 November

Bell Direct
November 1, 2024

Morning Bell 31 October

Bell Direct
October 31, 2024

Morning Bell 30 October

Bell Direct
October 30, 2024

Morning Bell 29 October

Bell Direct
October 29, 2024

Morning Bell 28 October

Bell Direct
October 28, 2024

Weekly Wrap 25 October

Bell Direct
October 25, 2024

Morning Bell 24 October

Bell Direct
October 24, 2024

Morning Bell 23 October

Bell Direct
October 23, 2024

Morning Bell 22 October

Bell Direct
October 22, 2024

Morning Bell 21 October

Bell Direct
October 21, 2024

Weekly Wrap 18 October

Bell Direct
October 18, 2024