Skip to main content

Morning Bell 7 April

Jessica Amir
April 7, 2020

The Australian share market is expected to continue to rally at the open, with the futures suggested a 2.4% lift today.

Yesterday the ASX200, gained 4.3% as COVID-19 new cases slowed in Australia, while the energy sector led the charge following its biggest weekly gain in history.

Today further impetus behind us, as US equities surged over 7% higher with the new COVID-19 cases appearing to be slowing there. In Europe cases are slowing, helping the benchmark Stoxx600 end 3.7% up. Meanwhile, the Oil price has held above $26.30 despite losing 8% on uncertainty as to when these crude oil output cuts will come, to stabilise the market.

Investors will be watching: The RBA meets today for its April monthly meeting- with rates expected to remain on hold. Also keep your eyes out for Australian export and import figures, both of which are expected to have slowed in February. So I’d be watching some of Australia’s biggest exporters, BHP (ASX:BHP), Fortescue Metals Group (ASX:FMG), Woodside Petroleum (ASX:WPL), CSL (ASX:CSL), packaging business Amcor (ASX:AMC), gold miner Newcrest Mining (ASX:NCM) and port company Qube (ASX:QUB).

Weekly Wrap 9 August

Grady Wulff
August 9, 2024

Morning Bell 9 August

Sam Kanaan
August 9, 2024

Morning Bell 8 August

Bell Direct
August 8, 2024

Morning Bell 31 July

Sam Kanaan
July 31, 2024

Morning Bell 30 July

Sam Kanaan
July 30, 2024

Morning Bell 29 July

Grady Wulff
July 29, 2024

Weekly Wrap 26 July

Grady Wulff
July 26, 2024

Morning Bell 26 July

Sam Kanaan
July 26, 2024

Morning Bell 25 July

Grady Wulff
July 25, 2024

Morning Bell 24 July

Grady Wulff
July 24, 2024

Morning Bell 23 July

Sam Kanaan
July 23, 2024