Market wraps 8th May 2020
Morning Bell - Jessica Amir
The Australian share market is tipped to nudge 0.1% higher at the open going by the futures. From Monday to Thursday the ASX200 gained 2.3%, so if the market holds these levels, the ASX200 will have made its best weekly gain in 5 weeks.
A trading idea for today, IPH (ASX:IPH) was reiterated as a Buy by Bell Potter, expecting share price growth of 17% to $8.50 in a year.
Investors will be watching APA (ASX:APA), News Corp (ASX:NWS) and Macquarie (ASX:MQG). The RBA will also be releasing its statement on monetary policy at 11.30am.