Skip to main content

Latest stock market podcasts

Morning Bell 11 March

Bell Direct
March 11, 2024

Wall St fell on Friday as the Dow Jones closed out its worst week since October losing 0.18% by the closing bell. The S&P 500 lost 0.65% and the tech-heavy Nasdaq fell 1.16%. US unemployment data was also released on Friday coming in at 3.9%, 0.2% higher than the forecast and consensus of 3.7%.

In terms of US stocks, despite rising 6% over the week, Nvidia lost 5% in its worst session since last May.

Over in Europe, markets closed mix following the European Central Bank’s inflation forecast and US jobs data release. The STOXX 600 closed 0.03% higher, led by the financial sector which gained 1%, whilst the technology sector lost 1.5%. Germany’s DAX closed 0.16% lower, as did the FTSE 100 which fell 0.43%, whilst the French CAC gained 0.15%.

Locally on Friday, the ASX200 gained over 1% with all but the industrial sector finishing in the green. Gains were led by the financial and health sectors up 2.03% and 1.25% respectively.

What to watch today:

  • The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.6% at market open this morning.
  • On the commodity front this morning,
    • Oil is down 1.17% to US$78.01 a barrel as the market remains cautious on Chinese demand, despite the OPEC+ group extending supply cuts.
    • Gold is up 0.9% to US$2178 and ounce and iron ore is trading 0.85% higher at US$118.50 a barrel.

Trading Ideas:

  • Bell Potter has maintained a buy rating on Develop Global (ASX:DVP), despite decreasing its price target to $4.10. The buy rating is maintained by Bell Potter as the forthcoming restart of Woodlawn operations coincides with growing revenue generation from the company’s underground mining services business, underpinning a ramp up in earnings in FY24-FY26.
  • And Trading Central has identified a bullish signal in Infomedia (ASX:IFM), indicating that the stock price may rise from the close of $1.65 to the range of $1.90-$1.96, on a pattern formed over 11 days, according to the standard principles of technical analysis.

Weekly Wrap 2 August

Bell Direct
August 2, 2024

Morning Bell 1 August

Bell Direct
August 1, 2024

Morning Bell 31 July

Bell Direct
July 31, 2024

Morning Bell 30 July

Bell Direct
July 30, 2024

Morning Bell 29 July

Bell Direct
July 29, 2024

Weekly Wrap 26 July

Bell Direct
July 26, 2024

Morning Bell 26 July

Bell Direct
July 26, 2024

Morning Bell 25 July

Bell Direct
July 25, 2024

Morning Bell 24 July

Bell Direct
July 24, 2024

Morning Bell 23 July

Bell Direct
July 23, 2024

Morning Bell 22 July

Bell Direct
July 22, 2024

Weekly Wrap 19 July

Bell Direct
July 19, 2024