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).

Monthly Wrap June 2020

Jessica Amir
June 26, 2020

Morning 26 June

Jessica Amir
June 26, 2020

Morning Bell 25 June

Jessica Amir
June 25, 2020

Morning Bell 24 June

Jessica Amir
June 24, 2020

Morning Bell 23 June

Jessica Amir
June 23, 2020

Morning Bell 22 June

Sally Garrow
June 22, 2020

Weekly Wrap 19 June

Jessica Amir
June 19, 2020

Morning Bell 19 June

Jessica Amir
June 19, 2020

Morning Bell 18 June

Jessica Amir
June 18, 2020

Morning Bell 17 June

Jessica Amir
June 17, 2020

Morning Bell 16 June

Jessica Amir
June 16, 2020

Morning Bell 15 June

Jessica Amir
June 15, 2020