BPO TV

The Aussie share market is set to rally 1.1% or 76 points.

Watch to watch today:

• Traders are cautious as Sydney’s lockdown could possibly be extended until mid-August. Meanwhile, restrictions in Western Australia have ended.
• The oil price (WTI) rose 2.2% on Friday, to its highest level since 2019. Oil stocks will likely charge up today.
• The iron ore price fell 0.3% to US$216.00, however it is now back in record territory. In New York on Friday, BHP rose 1.4%, so Aussie iron ore stocks could follow.
• In economic news, building permits for May are out today, business and consumer confidence data will be released tomorrow and Wednesday, and unemployment figures for June will be released on Thursday.

Trading Ideas:

• De Grey Mining (ASX:DEG) is a Bell Potter Speculative BUY stock, with an increased price target to $1.71, implying 36% share price growth in a year.
• Citi has downgraded its price targets on both Afterpay (ASX:APT) and Zip Co (ASX:Z1P), amid increased global competition. Afterpay’s target has been reduced to $125.00, and Zip Co’s target has been reduced to $10.25.
• Vmoto (ASX:VMT), Macarthur Minerals (ASX:MIO) and Unibail-Rodamco-Westfield (ASX:URW) are all giving off bullish charting signals according to Trading Central.