Morning Bell 8 June

Between the Bells

Between the Bells
Morning Bell 8 June
Jun 08, 2021
Bell Direct

After a mixed session overnight on Wall Street, the futures are suggesting the Aussie share market will open 0.1% higher. 

 

What to watch today: 

  • Australia’s Business Confidence data will be released today and Consumer Confidence data to be released tomorrow. 
  • US inflation data to be released on Thursday. 
  • The oil price fell 0.1% to US$69.20 a barrel, iron ore is trading 0.5% lower and gold rebounded to $1,901. 
  • Most traded stock by Bell Direct clients yesterday: Altium (ASX:ALU). And the most traded stock by our advised clients: VanEck Vectors Australian Equal Weight ETF (ASX:MVW). 

 

Trading Ideas: 

  • Austal Limited (ASX:ASB) was reiterated as a Citi BUY with a $3.30 price target. 
  • Oneview Healthcare (ASX:ONE), Energy Resources (ASX:ERA) and Orica (ASX:ORI) are all giving off bullish charting signals according to Trading Central.