The Aussie share market is eyeing a rise for the third straight day, a lift of 0.2%, after the ASX200 hit a two-month high yesterday.

Russia has claimed it has given regulatory approval for the world’s first COVID-19 vaccine. This news saw gold fall 5% to US$1,931, with silver falling 13% and copper down 0.8%. So the odds are stacked, gold stocks expected to fall with heavy weights likely to see some profit taking too.

Overnight, the broad U.S. indices stocks fell into negative territory in the final hours of trade with the S&P500 losing 0.8%, ending 7-days of gains, but still holding onto its yearly gain, while the Nasdaq underperformed, down 1.7%

Companies reporting today:

• Commonwealth Bank of Australia (ASX:CBA) - reported a 12.4% increase in its statutory profit to $9.6 billion.
• Transurban (ASX:TCL) reported a loss of $153 million.
• Computershare (ASX:CPU)
• Magellan (ASX:MFG)
• Mineral Resources (ASX:MIN)
• Seek (ASX:SEK) reported full year results with revenue weaker than expected, which UBS reiterated as a buy.

Local trading Ideas:

• Ramsay (ASX:RHC) is showing a strong bullish uptrend and is likely to rally along with Australian Pharmaceuticals (ASX:API) and Arena REIT (ASX:ARE), all according Trading Central’s charting and standard technical analysis.