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 28 April

Jessica Amir
April 28, 2020
Ads

Bell Direct | SIMPLË AS

Bell Direct
April 27, 2020

Morning Bell 27 April

Jessica Amir
April 27, 2020

Weekly Wrap 24 April

Jessica Amir
April 24, 2020

Morning Bell 24 April

Jessica Amir
April 24, 2020

Morning Bell 23 April

Jessica Amir
April 23, 2020

Market Update 22 April

Jessica Amir
April 22, 2020

Market Update 21 April

Jessica Amir
April 21, 2020

Market Update 20 April

Jessica Amir
April 20, 2020

Weekly Wrap 17 April

Jessica Amir
April 17, 2020