Between the Bells

Wall St closed higher on Tuesday after Fed Chair Jerome Powell acknowledged progress on inflation but reiterated that the Fed was not quite ready to cut rates just yet. The Dow Jones rose 0.41%, while the the S&P500 gained 0.62% to close at a record 5509 points and the Nasdaq jumped 0.84% to a record close of 18,028.76 points.

Tesla shares rose 4% on Tuesday after the EV company reported better-than-expected deliveries for the second quarter, while Apple shares hit a new intra-day high over US$220/share on Tuesday as investors assess the company’s plans to introduce AI to its iPhones and other products.

In Europe overnight, markets closed lower following the release of key eurozone inflation data. The STOXX 600 fell 0.4% on Tuesday, while Germany’s DAX lost 0.69%, the French CAC declined 0.3% and, in the UK, the FTSE100 ended the day down 0.56%. Headline inflation in the euro area dipped to 2.5% in June which met economists’ expectations, however, core and services inflation remained stubbornly high which sparked the equity-sell off yesterday.

Across the Asia markets on Tuesday, it was a mostly green close across the region as Japan’s Nikkei rose 1.12% to close at a 3-month high while Japan’s broader Topix index rose 1.15%. Elsewhere, Hong Kong’s Hang Seng rose 0.33% while South Korea’s Kospi index fell 0.84% after South Korea’s inflation rate came in at 2.4% which missed economists’ expectations of 2.7%.

What to watch today:

• The local market extended this week’s red run into Tuesday’s session with the ASX200 closing the day down 0.42% as investors assessed the hawkish comments out of the RBA in the latest meeting minutes release yesterday. A near two-month high price of oil boosted the energy sector to a 2% gain which offset some of the heavy losses among REIT and bank stocks yesterday.
• The latest RBA meeting minutes were released yesterday with a very hawkish tone continuing through the latest update. Michele Bullock outlined in the minutes that it is difficult to rule in or out future policy moves as the outlook remains highly dependent on economic data in order to tame inflation to the target 2-3% range by the RBA’s deadline of 2026. Retail sales and new building permits data in Australia released today will play a vital role in the economic data-driven rate outlook for the RBA at the next meeting.
• Lithium developer Liontown Resources (ASX:LTR) rallied over 7% on Tuesday after announcing the securement of US$250m in funding from South Korean battery conglomerate LG Energy Solutions under a 10-year funding agreement.
• Domino’s Pizza (ASX:DMP) shares came under pressure yesterday after Barrenjoey and Ord Minnett noted the Pizza giant is facing three major earnings challenges through a weakening Japanese Yen, a jump in cheese prices and a slower than forecast store rollout, which are likely to hurt earnings in FY24.
• On the commodities front this morning, oil is trading 0.61% lower at US$82.87/barrel, gold is down 0.3% at US$2325.83/ounce, iron ore is up 1.4% at US$108/tonne.
• 1 Aussie dollar is buying 67 US cents, 107.63 Japanese Yen, 52.56 British Pence and 1 New Zealand dollar and 10 cents.
• Ahead of the midweek trading session in Australia the SPI futures are anticipating the ASX to open the day up 0.25% on the back of Wall Street’s strength overnight.

Trading Ideas:

• Bell Potter has downgraded the rating on Monadelphous Group (ASX:MND) from a buy to a hold and reduced the 12-month price target on the leading Australian engineering group following the analyst revisiting key indicators including the outlook for a quietening major project development pipeline with limited visibility on near-term contract awards. With the outlook for reduced Engineering Construction division revenue contribution to the group, it will likely lead to EBITDA pressures.
• Trading Central has identified a bearish signal

Wall Street started the second half of the US financial year with a green close that saw the Nasdaq settle the day at a fresh record high as positive momentum from the first half extends into the second half. The Dow Jones rose 0.13%, the S&P500 added 0.27% and the tech heavy Nasdaq rose 0.83% to a fresh record close of 17,879.30. US Manufacturing PMI data out this morning showed a slight contraction in manufacturing output for June to 48.5 from 48.7 in May, with the reading falling short of economists’ expectations of 49.1 points indicating the US economy continues to ease under the high interest rate environment.

Across the European markets overnight, it was a sea of green as investors responded to the first round of France’s snap parliamentary election. The STOXX600 rose 0.44%, Germany’s DAX added 0.3%, and in the UK, the FTSE100 ended the day up 0.03%. The French CAC rallied 1.09% on Monday as investors digested the results of the first round of France’s legislative election where Marine Le Pen’s party won the first round by a smaller margin than expected. The rally comes as investors welcome to smaller margin win, as, if the party dominated to form a majority quickly, concerns are raised over the fast ability of their proposals in spending and tax to be pushed through quickly thus potentially tipping the region into a debt crisis.

Across Asia on Monday, it was a positive start to the second half of the year as investors assessed key economic data out in the region including China’s manufacturing activity and Japan’ consumer confidence readings. Japan’s Nikkei rose 0.12% on Monday while Japan’s broad index the Topix climbed 0.52% to a new 34-year high. China’s CSI index rose 0.48% on Monday and South Korea’s Kospi index ended the day up 0.23%. China’s Caixin manufacturing PMI figures rose to 51.8 points in June from 51.7 points in May, in a sign of ongoing recovery in the region, while Japan’s consumer confidence rose to 36.4 points in June from 36.2 points in May.

What to watch today:

• The local market started the new financial year 0.22% lower as investors reacted to key inflation data out in the US and Europe late last week and ahead of the RBA meeting minutes out locally today. The rate-sensitive tech sector took the biggest hit yesterday with a decline of 2.2% as investors took profits from the sector’s stellar rally over the last 12-months and ahead of a potential rate rise or prolonged hold out of the RBA.
• Gas producer Strike Energy tumbled over 16% yesterday after providing an update on the status of its West Erregulla gas supply agreement with Wesfarmers. Due to delays in receiving environmental approvals and the subsequent delays to the company’s final investment decision, the firm gas supply agreement has reverted to the original option for gas supply that is condition on Strike taking FID on a commercial project.
• Coronado Global Resources soared 9% on Monday though as investors see an attractive buy opportunity in the coal producer on news that its closest competitor, Anglo American has halted operations at its Queensland mine due to a fire burning underground in a major coal mine owned by the company.
• On the commodities front this morning oil is trading 2.3% higher at US$83.42/barrel, gold is up 0.1% at US$2328.73/ounce and iron ore is flat at US$106.51/tonne.
• 1 Aussie dollar is buying 66 US cents, 107.39 Japanese Yen, 52.66 British Pence and 1 New Zealand dollar and 10 cents.
• Investors locally will be eagerly awaiting the release of Michele Bullocks’ latest RBA meeting minutes out today to gain insight into the rate outlook down under. The last minutes and comments out of the RBA were taken as hawkish so it is unlikely Ms Bullocks’ stance will change given inflation drivers remain stubbornly high. Australian retail sales and building approvals data are set for release on Wednesday which will give further insight into the stickin

Wall street ended the last trading day of the US first half in negative territory despite US inflation data indicating inflation is easing in the US alongside the release of better-than-expected consumer sentiment figures. The S&P500 fell 0.41%, the Nasdaq lost 0.71% and the Dow Jones ended the day down 0.12%. US inflation data for May slowed to its lowest rate in more than three years with the Fed’s preferred measure of inflation, the Personal Consumptions Expenditures price index rising just 0.1% on April and 2.6% from the prior year.

Over the first half of 2024, the tech-heavy Nasdaq soared 18.1% as the AI movement boosted investor appetite for the high growth tech sector. The S&P500 rose 14.5% over the first half to record territory, and the Dow Jones rose just 3.8% over the first 6-months.

Over in Europe, markets closed mostly lower on Friday as investors assessed the release of key inflation data in the region and around the world. The STOXX600 fell 0.24% on Friday, Germany’s DAX rose 0.14% while the French CAC fell 0.68%, and in the UK, the FTSE100 ended the day down 0.19%. On Friday, fresh economic data released showed French and Spanish inflation eased in June while the UK posted economic growth of 0.7% for the first three months of the year.

Asia markets closed modestly higher on Friday led by Japan’s Topix index rallying 0.57% to a 34-year high on upbeat economic data. Japan’s Nikkei rose 0.64% on Friday, Hong Kong’s Hang Seng rose 0.01% and South Korea’s Kospi index ended the day up 0.49%.

Headline inflation for Tokyo rose to 2.3% in June while the country’s industrial production rose 2.8% MoM in May which beat economists’ expectations. The readings provide Japan’s central bank room to tighten its monetary policy as its currency has plunged to a multi-decade low.

What to watch today: 

• Locally on the last trading session of FY24, the ASX200 rose 0.1% to finish the financial year up 7.8%. The rally on Friday was driven by the banks and tech stocks rising before the US inflation print was released later after market close.
• Insurance Australia Group soared 7.2% on Friday after outlining two significant deals have been signed including one with US-listed Berkshire Hathaway for reinsurance protection, and the company also reaffirmed profit guidance to be at the upper end of guidance ranges for FY24.
• Elsewhere, burrito giant Guzman Y Gomez (ASX:GYG) fell 7.5% on Friday, marking its worst one-day performance since debuting on the ASX.
• Adore Beauty (ASX:ABY) shares tumbled 5.85% on Friday after the company announced the acquisition of Ikou, a wellness and skincare brand, for $25m.
• Ahead of the first trading session of the new financial year, the SPI futures are anticipating the ASX to open the day down 0.45% carrying negative sentiment from Wall Street on Friday into the new local trading week.
• On the commodities front this morning oil is trading 0.09% lower at US$81.56/barrel, gold is down 0.06% at US$2325/ounce and iron ore is flat at US$106.51/tonne.
• The Aussie dollar has slightly strengthened to buy 67 US cents, 107.40 Japanese Yen, 52.86 British Pence and 1 New Zealand dollar and 10 cents.

Trading Ideas:

• Bell Potter has increased the 12-month price target on De Grey Mining (ASX:DEG) from $1.76 to $1.82 and maintain a speculative buy rating on the gold miner after the company announced it has received Credit Approved Term sheets from a syndicate of domestic and offshore commercials banks for a proposed $1bn senior debt facility. This will support the construction of its 100%-owned Hemi Gold Project which has an estimated CAPEX of $1.345bn and substantially reduces the financial risk of the company.
• Trading Central has identified a bearish signal on ARB Corp (ASX:ARB) following the formation of a pattern over a period of 22-days which is roughly the same amount of time the

This week, the market witnesses a sharp reversal in the artificial intelligence driven rally. Investors are re-evaluating their portfolios in light of the approaching end of FY24 and Australia’s recent inflation data. The Reserve Bank of Australia’s decision to hold rates at 4.35% was followed by hawkish comments, seemingly justified by higher-than-expected inflation figures. 

In this week’s wrap, Grady covers:

• (0:43): what is driving inflation to remain sticky 
• (2:24): an analysis on the unemployment rate 
• (3:35): the impact of inflation on Australia’s rate outlook
• (4:34): the best performing stocks on the ASX200 this week
• (5:25) the most traded stocks & ETFs by Bell Direct clients 
• (5:55): economic data to watch out for next week.

US equities closed in the green as investors await inflation data with the send of the second quarter approaching. The Dow Jones and the S&P500 both ended the session 0.09% higher, while the tech-heavy Nasdaq gained 0.3%, with AI companies gaining momentum. After hours, a big mover was Nike, its shares down more than 12% after the athletic retailer cut its full-year guidance.

 Locally yesterday, information technology and healthcare sectors lead the market, while real estate and utilities declined the most. The ASX200 ended the trading session down 0.3%. 

What to watch today:

• The Australian share market is set to open higher this morning, with the SPI futures suggesting a rise of 0.34%. 
• In commodities, 
  • Crude oil is trading 1.25% higher at US$81.91 per barrel, nearing a two-month high as supply concerns due to escalating conflict in the Middle East outweighed a surprise increase in US stockpiles. 
  • Gold rebounded, trading a US$2,327 an ounce after having tested the lowest in nearly three months earlier in the session, as markets digested data for hints of the Fed’s policy outlook this year. 
  • And iron ore is steady at US$106 per tonne. 
• In economic data today, housing credit and private sector credit data for May will be released today. 

Trading Ideas:

• Bell Potter maintain a BUY rating on Lynas Rare Earths (ASX:LYC) after the company announced it intends to update its Lynas Malaysia Plant. Bell Potter think the share price could be undervalued. They have increased their price target from $7.55 to $7.80. At LYC’s current share price of $5.95, this implies 31% share price growth in a year. 
• Trading Central have identified a bullish signal in Northern Star Resources (ASX:NST) indicating that the stock price may rise from the close of $13.01. 

Wall Street extended gains across the major averages on Wednesday as investors assessed their holdings in the final trading sessions of a very strong first half driven by AI and semiconductor stocks. The S&P500 rose 0.16% at the end of the midweek session, the Nasdaq rose just under half a percent and the Dow Jones ended the day up just 0.04%, recovering from a red start to the final trading week of June. Amazon shares rose 3.9% on Wednesday to reach a record high and tipped the tech giant’s market cap over US$2tn for the first time. Investors in the US now await the release of key PCE data out on Friday which will provide a key insight into how well the Fed’s rate strategy is working to achieve the target inflation of 2%.

European markets closed lower across the board on Wednesday, extending the negative trading sentiment of the week into another session. The STOXX600 fell 0.5% as auto and leisure stocks weighed on the index, while Germany’s DAX lost 0.12%, the French CAC fell 0.69% and, in the UK, the FTSE100 ended the day down 0.27%. Shares of German auto-making giant Volkswagen fell 1.64% after the company announced a $5bn investment in US-listed EV startup, Rivian.

 Asia markets mostly rose on Wednesday, taking lead from the tech-rally in the US on Tuesday. Japan’s Nikkei gained 1.26% to close at a 2-month high, South Korea’s Kospi index rose 0.64% and China’s CSI index recovered some of this week’s losses to end the day up 0.65%. Singapore’s May factory output rose 2.9% in data out yesterday which beat economists’ expectations of a 2% rise, indicating strength in the Singaporean economy.

What to watch today:

• Locally on Wednesday investors reacted negatively to the latest inflation print out in Australia indicating the annual CPI or inflation rate rose to an annual rate of 4% in May, up from the 3.6% reported in April and well exceeding economists’ forecasts of a 3.8% reading in May. Investors naturally hit the sell-button on equities across the board in afternoon trade on Wednesday leading to a close of 0.71% lower for the ASX200, amid fears of the RBA potentially handing down another rate hike in months to come as inflation and key drivers remain sticky and stubborn. The reading weighs into RBA governor Michele Bullocks hawkish outlook for rates in Australia and will throw a curveball at for the RBA’s next rate decision.
• Lithium miners felt further pain yesterday with a widespread sell-off in the sector as the price of the commodity fell 5%, extending the month’s losses to 15%.
• Harvey Norman (ASX:HVN) shares fell over 8% on Wednesday as analysts’ at Barrenjoey predict weaker macro-economic conditions will hurt earnings for the retail giant.
• Collins Foods rally on Tuesday was short lived as investors hit the sell button yesterday sending shares in the restaurant operator down 7% on Wednesday after Citi retained its sell rating post the release of the results, with analysts at the broker citing they were disappointed to see management no longer expects margin improvements in FY25 against challenging market conditions.
• On the commodities front this morning oil is trading 0.07% lower at US$80.78/barrel, gold is down 0.92% at US$2298.48/ounce and iron ore is down 0.08% at US$106.46/tonne.
• The Aussie dollar has slightly weakened overnight against the greenback to buy 66 US cents, but is showing strength against other currencies with 1 AUD buying 106.85 Japanese Yen, 52.61 British Pence and 1 New Zealand dollar and 9 cents.
• Ahead of the second last trading session for June, the SPI futures are expecting the ASX to open the day down 1.09%, extending on yesterday’s inflation driven sell-off.

 Trading Ideas:

• Bell Potter has increased the rating on Paladin Energy (ASX:PDN) from a hold to a buy and have increased the 12-month price target on the uranium miner from $15.70 to $16.10 after the company anno

Wall street closed mixed on Tuesday as the S&P and Nasdaq snapped 3-day losing streaks while the Dow Jones reversed gains to close lower as investors regain appetite for AI-stocks after some profit taking sessions. The Dow Jones fell 0.76% on Tuesday, while the S&P 500 and Nasdaq ended the day up 0.39% and 1.26% respectively, driven by Nvidia jumping 6.7%. In recent weeks we have seen investors in the region shift focus from rate-driven sentiment to a bull market driven purely by the AI movement.

 In Europe overnight markets closed lower amid investor fears of rising geopolitical tensions in the region. The STOXX600 fell 0.3% weighed down by industrial stocks, while Germany’s DAX lost 0.81%, the French CAC declined 0.58% and, in the UK, the FTSE100 ended the session down 0.41%. Airbus shares fell 9.4% on Tuesday after the company announced aircraft delivery and earnings target cuts for 2024, while drug maker Novo Nordisk rose 4% after the company’s Wegovy weight loss treatment has been approved in China for long-term weight management.

 Across the Asia markets on Tuesday, China’s CSI 300 closed at its lowest level since February despite the rest of the region rallying yesterday. Japan’s Nikkei rose 0.95% on Tuesday, Hong Kong’s Hang Seng added 0.25% and South Korea’s Kospi index ended the day up 0.35% on a clime in consumer confidence in the region.

What to watch today:

• Locally yesterday, the ASX recovered on Tuesday from Monday’s sell-off to close the day up 1.36% taking lead from Wall Street rising on Monday and buoyed by a strong rally for the local banks which saw CBA rise to a record high yesterday. Mining giants were also boosted yesterday by a rise in the price of oil which led to the energy sector ending the day up with a strong 2.23% rally.
• KFC Australia operator Collins Foods jumped over 7.3% yesterday after the restaurant operator released full year results including record revenue and rising earnings in this challenging market. Collins Foods reported revenue rose 10.4% to $1.4889bn, and underlying NPAT rose 15.6% to $60m. Collins also reported net operating cash flow rose $30.2m and net debt was reduced by $46.7m. Investors welcomed the 28cps fully franked final dividend declared by the company which is up from 27cps in FY23.
• Casino operator Sky City Entertainment Group recovered some of Monday’s losses on Tuesday after announcing it has entered into an unconditional agreement to sell its entire shareholding comprising around 10% in Gaming Innovation Group, a European-based online gaming platform provider, for around NZ$55m with proceeds to be used to pay down Sky’s debt as part of its capital management review.
• On the commodities front this morning, oil is trading 1.11% lower at US$80.72/barrel, gold is down 0.53% at US$2318/ounce, and iron ore is down 0.38% at US$106.55/tonne.
• 1 Aussie dollar is buying 66 US cents, 106.15 Japanese Yen, 52.57 British Pence and 1 New Zealand dollar and 9 cents.
   Today is a big day on the economic calendar locally with the release of Australia’s inflation print out this morning with the expectation of a slight uptick to 3.8% from 3.6% in April which if it does come in at this reading, will indicate inflation remains sticky and the RBA has a tough job ahead on a rate front.
• Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX to open the day down 0.37%.

Trading Ideas:

• Bell Potter has slightly increased the 12-month price target on Cleanaway (ASX:CWY) from $3.10 to $3.15 and maintain a buy rating on the leading waste and environmental services company in Australia after the company announced the acquisition of Melbourne-based Citywide Waste which will add three key waste services to Cleanaway’s Melbourne Metro operations and a further 1500 C&I customers in metro Melbourne.
• Trading Central has ident

Wall Street started the new trading week mixed as investors sold out of big tech stocks in favour of the banks and energy stocks. The Dow Jones rose 0.6% on Monday while the S&P500 and Nasdaq posted declines of 0.31% and 1.09% respectively. The pullback in tech stocks is ahead of the U.S. PCE data released later this week which is the Fed’s preferred measure of inflation and is expected to be a 0.1% rise on April which would indicate a decline from April’s 0.2% rise and signal inflation is easing. With some key inflation drivers remaining sticky though, investors have been bracing for higher interest rates for longer.

Over in Europe markets closed higher on Monday ahead of key inflation data and central bank decisions out in the region this week. The STOXX600 rose 0.8% on Monday, Germany’s DAX added 0.89%, the French CAC climbed 1.03% and, in the UK, the FTSE100 ended the day up 0.53%.

Asia markets mostly slipped on Monday as investors in the APAC region brace for key inflation data out later this week in Japan and Australia. Hong Kong’s Hang Seng fell 0.88% on Monday while China’s CSI index fell 0.54% yesterday.

What to watch today:

• The local share market started the new trading week 0.8% lower following the release of some disappointing company updates and ahead of the release of Australia’s inflation print. Energy stocks took the biggest hit to start the new trading week as the sector closed the day down 1.76% while healthcare was hit with a 1.63% decline on Monday.
• Sleep apnoea specialist ResMed (ASX:RMD) tumbled 13.2% on Monday on fresh results of a weight loss drug-trial spooked the market about the relevance of ResMed’s devices once again, while online fashion luxury retail platform Cettire (ASX:CTT) tanked 49% after the company said its Q4 trading had been hit by a lull in online luxury spend.
• Elsewhere in fashion, Myer (ASX:MYR) shares jumped 22% on Monday after the department store giant announced it is looking into a potential merger with Premier Investments’ apparel business which includes Just Jeans.
• Embattled casino operator Star Entertainment (ASX:SGR) fell a further 5.7% yesterday after the company issued a profit warning and noted that former Chairman, David Foster, has left the board.
• Local iron ore miners also felt the brunt of investor demand concerns with a decline on Monday, tracking the price of the commodity amid fears of prolonged subdued demand out of China.
• Ahead of Tuesday’s trading session the SPI futures are anticipating the ASX to open the day up 0.47%.
• On the commodities front this morning oil is trading 1.17% higher at US$81.68/barrel, gold is up 0.5% at US$2333/ounce and iron ore is down 0.18% at US$106.96/tonne.
• 1 Aussie dollar is buying 67 US cents, 106.26 Japanese Yen, 52.87 British Pence and 1 New Zealand dollar and 9 cents.

Trading Ideas:

• Bell Potter has downgraded City Chic (ASX:CCX) from a buy to a hold and have significantly reduced the 12-month price target on the plus size fashion retailer from 62cps to 20cps following the announcement of the company divesting its US business and the company undertaking a capital raising with proceeds aiming to pay down debt.
• Trading Central has identified a bullish signal on Jupiter Mines (ASX:JMS) following the formation of a pattern over a period of 30 days which is roughly the same amount of time the share price may rise from the close of $0.32 to the range of $0.42 to $0.44 according to standard principles of technical analysis.

Locally last week, the ASX200 advanced 0.93% Monday to Friday with the utilities, financials and healthcare sectors leading the market. Sigma Healthcare (ASX:SIG), Telix Pharmaceuticals (ASX:TLX) and Gold Road Resources (ASX:GOR) advanced the most last week, while Mineral Resources (ASX:MIN) and Liontown Resources (ASX:LTR) each declined more than 10%.

US equities closed mixed on Friday. The Dow Jones edged up 15.57 points, posting its best week since May. The S&P500 closed lower as Nvidia shares pulled back for a second day, while the tech-heavy Nasdaq closed down 0.18%.

What to watch today:

• The ASX200 is set to open lower this morning. The SPI futures are suggesting a fall of 0.21%, as investors brace for a possible acceleration in inflation.
• In commodities,
  • Oil has softened with the price of crude oil down to US$80.58 per barrel, after its second weekly advance as falling US crude inventories and an escalating conflict in the Middle east bolstered oil prices. Energy shares to watch include Santos (ASX:STO) and Woodside Energy (ASX:WDS).
  • Gold is down more than 1% to US$2,230.85 an ounce, not far from the over-one-month-low of US$2,290 touched on June 4th. Is decline is due to the pressure of a firm US dollar and lower central bank demand in Asia.
  • Iron ore is trading steady at US$106.96 per tonne, holding near the lowest level since April.
• Watch the share price movements of GUD Holdings (ASX:GUD) as they hold their AGM today, Metacash (ASX:MTS) as they release their earnings report today and Steadfast Group (ASX:SDF) with their investor briefing set for today.

Trading Ideas:

• Trading Central has identified a bullish signal in SG Fleet Group (ASX:SGF) indicating that the stock price may rise from the close of $3.15 to the range of $3.40 to $3.46 over 21 days.
• Trading Central have a bullish signal in ClearView Wealth (ASX:CVW) indiciating that the stock price may fall from the close of $0.57 to the range of $0.66 to $0.68 over 39 days, according to the standard principles of technical analysis.

Signs from China were mixed this week, with steel demand on the rise, a positive sign for the world’s second-largest economy. However, other indicators like industrial production and house prices are lagging. Meanwhile, the ASX saw a modest gain this week, thanks to strong performances in utilities, financials, and consumer discretionary stocks. 

In this week’s wrap, Grady covers: 

• (0:10): global market movements this week
• (1:03): industrial production in China 
• (2:03): the impact of China’s outlook on global markets
• (3:40): the best & worst performing stocks on the ASX200
• (4:28): the most traded stocks by Bell Direct clients 
• (4:54): economic data to watch out for.