The Aussie share market is set to open 1.09% lower to 6,631 following a volatile trading session overnight on Wall Street. This volatile session saw the Volatility Index (VIX) surge more than 50% to top $34, its highest level since November.

Apple reported its first-quarter earnings report for fiscal 2021, crossing the symbolic $100 billion mark in a single quarter with sales up 21% year-on-year.

As expected, the US Fed Reserve made no changes to its monthly bond purchases, keeping the interest rates near zero.

What to watch today:

• The oil price jumped up 0.5% to US$52.85 per barrel. This comes as a massive drawdown in US crude inventories countered persistent concerns about the pandemic continuing to hurt fuel demand. 
• The gold price dropped to a 1-week low following concerns over the US stimulus bill and strength in the dollar after the Fed kept interest rates near zero.

Local trading Ideas:

• Bell Potter has a buy rating on Telecommunication Services company, Uniti Group (ASX:UWL) and has increased its price target by 10% to $2.20. 
• Healthcare equipment and services company, Doctor Care Anywhere (ASX:DOC) is also a Bell Potter buy. DOC closed yesterday at $1.38 and Bell Potter’s price target for the stock sits at $1.95. 
• People Infrastructure (ASX:PPE), Vita Group (ASX:VTG) and Platinum Asset Management (ASX:PTM) are all giving off bullish charting signals according to Trading Central.