Skip to main content

Latest stock market podcasts

Morning Bell 26 September

Bell Direct
September 26, 2024

Wall St closed lower overnight as the Dow Jones ended a 4-day winning streak losing 0.7%. The S&P500 dropped 0.19% and the tech-heavy Nasdaq gained just 0.04%. In terms of US stocks, both General Motors and Ford fell more than 4% following downgrades from Morgan Stanley.

Over in Europe, markets fell as the China-fuelled rally lost momentum. The STOXX600 closed 0.11% with half of the major sectors ending the trading day in the red. Germany’s DAX dropped 0.41%, the French CAC lost half a percent and over in the UK the FTSE100 ended Wednesday’s trading session 0.17% lower.

Locally yesterday, the ASX200 fell 0.13% with the majority of sectors closing in the red. Losses were led by the financial and consumer staples sectors which fell 1.87% and 1.86% respectively. This was offset by the materials sector which rose by 2.42% yesterday.

Monthly inflation data was also released yesterday coming it at 2.7%, which was below its previous result of 3.5% and the forecast of 3.1%.

What to watch today:

  • The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.21% at market open this morning.
  • On the commodities front this morning,
    • Oil is trading 2.58% lower at 69 US dollars and 71 cents a barrel, following concerns of supply disruptions in Libya after an agreement to appoint a central bank governor was made.
    • Gold is trading slightly lower, down 0.03% at 2657 US dollars an ounce and iron ore is trading 0.31% higher at 91 US dollars and 88 cents a tonne.

Trading Ideas:

  • Bell Potter has initiated coverage on Netwealth Group (ASX:NWL) with a hold rating. Netwealth Group provides integrated wealth management products to financial intermediaries and their clients. Through its web-based platform, NWL offers end-customers and array of Wrap and Superannuation based portfolio and investment management tools, enabling a transparent and efficient way to buy & sell, monitor and administer assets.
  • Trading Central has identified a bearish signal Transurban Group (ASX:TCL), indicating that the stock price may fall from the close of $13.21 to the range of $12.40-$12.55 on a pattern formed over 26 days, according to the standard principles of technical analysis.

Weekly Wrap 4 October

Bell Direct
October 4, 2024

Morning Bell 4 October

Bell Direct
October 4, 2024

Morning Bell 3 October

Bell Direct
October 3, 2024

Morning Bell 2 October

Bell Direct
October 2, 2024

Morning Bell 1 October

Bell Direct
October 1, 2024

Morning Bell 30 September

Bell Direct
September 30, 2024

Weekly Wrap 27 September

Bell Direct
September 27, 2024

Morning Bell 25 September

Bell Direct
September 25, 2024

Morning Bell 24 September

Bell Direct
September 24, 2024

Morning Bell 23 September

Bell Direct
September 23, 2024

Weekly Wrap 20 September

Bell Direct
September 20, 2024

Morning Bell 19 September

Bell Direct
September 19, 2024