We saw US equities rise on Wednesday, closing out the best month since November, as investors rotated back into tech while weighed down on Biden’s big infrastructure spending plan. Over the sea, European markets closed lower as Deliveroo tumbled on its debut, falling as much as 30% and euro zone inflation jumped to 1.3% in March from 0.9% in February.

What to watch today:

• The Aussie market looks set to start the month of April on a positive note, up 0.28%, ahead of the four-day Easter break.
• Australia’s import and export data are out today, as well as retail and home loan data. Both data points are out at 11:30am.
• Keep an eye on Aussie tech shares such as Xero (ASX:XRO) and Zip (ASX:Z1P) following US tech stocks surging higher overnight. 
• The Oil price fell 0.8% to US$63.66 per barrel off the back of concerns about the market’s recovery after OPEC and its allies lowered their 2021 demand growth forecast by 300,000 barrels per day. 
• The Gold price lifted about 1.3%, helped by the dollar’s pushback, but elevated US bond yields still puts the metal on course for its worst quarter in 4 years. 
• As for the most traded stocks yesterday from our active trader desk, Bell Direct Advantage they were: 88 Energy (ASX:88E), Houston We Have (ASX:HWH) and Oneview Healthcare (ASX:ONE).

Trading ideas:

• Bell Potter has upgraded its rating on Mayne Pharma (ASX:MYX) from a Hold to a Buy, and has increased its price target by 70% to $0.56 (previously $0.33). 
• Pointerra (ASX:3DP), Healthia (ASX:HLA) & Galaxy Resources (ASX:GXY) are all giving off bullish charting signals according to Trading Central.