Skip to main content

Morning Bell 8 March

Jessica Amir
March 8, 2021

The Aussie share market is likely to lift 1.6% or 107 points, after US stocks sharply rebounded at the weekend.

Keep in mind volume could be a bit lighter today as Victoria celebrates a public holiday.

What to watch today

  • Oil and industrial stocks will likely charge following sentiment on Wall Street. Keep an eye on Oil Search (ASX:OSH) & Santos (ASX:STO).
  • Expect locally listed BHP (ASX:BHP) and Rio Tinto (ASX:RIO) to rally after their US listed counterparts rose on Friday. RIO in NY rose 2% while BHP rose 0.5%.
  • In the Lithium space, keep in mind US listed giants rose on Friday and Audi announced it’s moving to produce fully electric cars.
  • St Barbara (ASX:SBM) and Newcrest Mining (ASX:NCM) could be a little lacklustre after the safe haven commodity, Gold, fell to its lowest level in nine months on Friday.
  • Copper stocks could see a rebound after Copper jumped 4%.
  • Eco news this week: Business confidence is out tomorrow and Consumer Confidence is out Wednesday.

Trading ideas:

  • UBS upgraded Centuria Industrial REIT (ASX:CIP), increasing its price target to $3.54.
  • Service Stream (ASX:SSM), IGO (ASX:IGO), Vulcan Energy (ASX:VUL) are all giving off bullish charting signals according to Trading Central.

Morning Bell 22 January

Bell Direct
January 22, 2025

Morning Bell 21 January

Bell Direct
January 21, 2025

Morning Bell 20 January

Bell Direct
January 20, 2025

Weekly Wrap 17 January

Bell Direct
January 17, 2025

Morning Bell 16 January

Bell Direct
January 16, 2025

Morning Bell 15 January

Bell Direct
January 15, 2025

Morning Bell 14 January

Bell Direct
January 14, 2025

Morning Bell 13 January

Bell Direct
January 13, 2025

Weekly Wrap 10 January

Bell Direct
January 10, 2025

Morning Bell 9 January

Bell Direct
January 9, 2025

Morning Bell 8 January

Bell Direct
January 8, 2025