Skip to main content

Morning Bell 17 June

Sophia Mavridis
June 17, 2021

Well the US Federal Reserve have kept rates unchanged, but raised expectations of at least two increases in interest rates by the end of 2023.

China announced yesterday that they would release national reserves of aluminium, copper and zinc, to stabilise commodity prices. This weighed down on miners, however the ASX200 still closed higher.

Despite US equities falling overnight, the Aussie share market is set to open higher, with the futures suggesting the market will rise by 7 points.

What to watch today:

  • The RBA bulletin will be released this morning at 11:30am AEST, with announcements on the unemployment and participation rates.
  • Keep an eye on Coles (ASX:COL) as they hold their virtual strategy day today, where they will provide an update on their refreshed strategy, with the potential for an update on their sales.
  • The oil price is down 0.8%, gold is down 2.4%, copper is down 1.5% and iron ore is trading 0.2% lower.
  • The most traded stocks by Bell Direct clients yesterday were Northern Star Resources (ASX:NST), BHP (ASX:BHP) and Flight Centre (ASX:FLT).

Trading ideas:

  • Bell Potter have reiterated their BUY recommendation on Imdex (ASX:IMD) with an increased price target of $2.35 (previously $2.20).
  • Straker Translations (ASX:STG), Credit Corp Group (ASX:CCP) and Adore Beauty Group (ASX:ABY) are all giving off bullish charting signals according to Trading Central.

Morning Bell 1 March

Sam Kanaan
March 1, 2024

Morning Bell 29 February

Sam Kanaan
February 29, 2024

Morning Bell 28 February

Grady Wulff
February 28, 2024

Morning Bell 27 February

Grady Wulff
February 27, 2024

Morning Bell 26 February

Grady Wulff
February 26, 2024

Weekly Wrap 23 February

Grady Wulff
February 23, 2024

Morning Bell 22 February

Sam Kanaan
February 22, 2024

Morning Bell 21 February

Grady Wulff
February 21, 2024

Morning Bell 20 February

Grady Wulff
February 20, 2024

Morning Bell 19 February

Grady Wulff
February 19, 2024