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 July

Grady Wulff
July 22, 2024

Weekly Wrap 19 July

Grady Wulff
July 19, 2024

Morning Bell 19 July

Sam Kanaan
July 19, 2024

Morning Bell 18 July

Sam Kanaan
July 18, 2024

Morning Bell 17 July

Grady Wulff
July 17, 2024

Morning Bell 16 July

Grady Wulff
July 16, 2024

Morning Bell 15 July

Grady Wulff
July 15, 2024

Weekly Wrap 12 July

Grady Wulff
July 12, 2024

Morning Bell 11 July

Grady Wulff
July 11, 2024

Morning Bell 10 July

Grady Wulff
July 10, 2024

Morning Bell 9 July

Sophia Mavridis
July 9, 2024

Morning Bell 8 July

Grady Wulff
July 8, 2024