Skip to main content

Morning Bell 6 December

Bell Direct
December 6, 2024

Wall St closed lower overnight as investors await for further economic data including unemployment data coming out in Friday’s trading session. The Dow Jones fell over half a percent, the S&P 500 dropped 0.19% and the tech-heavy Nasdaq lost 0.18%.

US unemployment data for November will be released after local market close tonight with a forecast to maintain at 4.1%, the same as its previous result.

Over in Europe, markets closed higher after the STOXX600 maintained its positive momentum, rising 0.43%.  Banks and travel stocks led gains, both up over 2%, whilst oil and gas stocks dropped 0.35%. Germany’s DAX rose 0.63%, the French CAC closed the day 0.37% higher and over in the UK the FTSE100 ended the day 0.16% in the green.

Locally yesterday, the ASX200 rose by 0.15% with half of the major sectors ending Thursday’s trading session positively. Gains were led by the information technology and the consumer discretionary sectors which gained 1.13% and 1.08% respectively. This was offset by the real estate sector which fell by 1.38%.

What to watch today:

  • The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.24% by market open this morning.
  • On the commodities front this morning,
    • Oil is trading 0.03% lower at 68 US dollars and 52 cents a barrel, gold is trading 0.72% lower at 2631 US dollars an ounce and iron ore is trading 0.2% higher at 106 US dollars and 29 cents a tonne.

Trading Ideas:

  • Bell Potter maintains a buy rating on Perpetual Ltd (ASX:PPT) and has a 12-month price target of $24.76. The current share price of $21.82 indicates a share price growth of 13.5%, hence the buy rating is maintained.
  • And Trading Central has identified a bullish signal on G8 Education (ASX:GEM), indicating that that the stock price may rise from the close of $1.39 to the range of $1.59-$1.65, on a pattern formed over 90 days, according to the standard principles of technical analysis.

How to: Place, amend or cancel a trade

Bell Direct
September 10, 2020

Morning Bell 10 September

Jessica Amir
September 10, 2020

How to: Review your portfolio

Bell Direct
September 9, 2020

Morning Bell 9 September

Jessica Amir
September 9, 2020

Morning Bell 8 September

Jessica Amir
September 8, 2020

Morning Bell 7 September

Jessica Amir
September 7, 2020

How to: Bell Direct’s ETF filter

Bell Direct
September 5, 2020

Weekly Wrap 4 September

Jessica Amir
September 4, 2020

How to: Use Bell Direct’s mFund filter

Bell Direct
September 4, 2020