Market wraps 15th May 2020
Morning Bell - Jessica Amir
The Aussie share market was eyeing a 0.9% gain at the open, but will need to rise 1.2% to claw back Monday to Thursday’s fall.
Milestones were reached overnight as the oil price saw its biggest jump in 2-weeks with U.S stockpiles falling while demand creeps ahead.
A trading idea for today, Bell Potter rose GrainCorp's (ASX:GNC) price target to $4.20, implying a 14% share price growth in a year from yesterday’s close of $3.67.
All eyes on Unibail-Rodamco-Westfield (ASX:URW), Star Entertainment (ASX:SGR), Coca-Cola (ASX:CCL), the iron-ore price, a new round of economic stimulus in the U.S & U.S retail sales numbers for April.