Morning Bell 16 June

Between the Bells

Between the Bells
Morning Bell 16 June
Jun 16, 2021
Bell Direct

The Aussie share market is set to open lower, with the futures suggesting the market will fall 0.2%. 

 

Traders and investors are exercising caution awaiting the Fed’s monthly announcement. 

 

What to watch today: 

  • Oil is up to US$72.12, at its highest level in almost three years. 
  • Iron ore hit another record high at US$221.00.
  • Australia and the UK agree to a free trade deal, with tariffs being phased out over a decade. 
  • Australian farmers eye off another big winter crop. Watch Elders (ASX:ELD), Graincrop (ASX:GNC), Australian Agriculture Co (ASX:AAC) and Ridley Corp (ASX:RIC). 

 

Trading Ideas: 

  • DGL Group (ASX:DGL) was initiated as a Bell Potter Buy with a $1.50 price target. 
  • The a2 Milk Company (ASX:A2M), MA Financial Group (ASX:MAF) and Hearts and Minds Investments (ASX:HM1) are all giving off bullish charting signals, according to Trading Central.