Between the Bells
Between the Bells
Bell Direct
Morning Bell 11 June
4 minutes Posted Jun 10, 2021 at 11:00 pm.
0:00
4:31
Download MP3
Show notes

The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.1%. 

 

All three US indices rose overnight, despite an inflationary reading that saw consumer prices rise more than expected. 

 

What to watch today: 

  • Food and beverage companies will be in focus, as Victoria ended its lockdown overnight and hospitality ventures reopen. Watch Wesfarmers (ASX:WES) and Coles (ASX:COL). 
  • Australia and Singapore could start a travel bubble if more Australians are vaccinated and transmissions fall. Watch travel stocks including Flight Centre (ASX:FLT), Qantas (ASX:QAN), Webjet (ASX:WEB) and Adacel (ASX:ADA). 
  • Demand for iron ore is surging. The iron ore price could rise from its current level at US$214 to US$300. Keep an eye on iron ore stocks. 

 

Trading Ideas: 

  • Citi has a Buy recommendation on Zip (ASX:Z1P) with a $10.90 price target. 
  • Adriatic Metals (ASX:ADT), Nitro Software (ASX:NTO) and Shopping Centres Australasia Property Group (ASX:SCP) are all giving off bullish charting signals according to Trading Central.