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).

Market Update 18 July

Julia Lee
July 18, 2016

Market Update 15 July

Julia Lee
July 15, 2016

Market Update 14 July

Julia Lee
July 14, 2016

Market Update 13 July

Julia Lee
July 13, 2016

Market Update

Julia Lee
July 11, 2016

Market Update

Julia Lee
July 8, 2016

Market Update

Julia Lee
July 7, 2016

CEO Interview Series: India Fund

Bell Direct
July 7, 2016

Market Update 6 June

Julia Lee
July 6, 2016

Market Update

Julia Lee
July 4, 2016