Latest stock market news videos & Morning Bell

Aussie equities are set to set for a cracking trading day if you go by the futures, which are suggesting a 2% lift at the open.

The three keys reasons are:

1. Moderna, another U.S company, is close to a COVID-19 vaccine after its trial treated 45 people.
2. The U.S central bank chair said he was “highly confident” the economy will claw back from its pullback, but warned it may not fully recover until a COVID-19 vaccine is complete.
3. The Chinese President vowed to share a COVID-19 vaccine once it’s available, he also pledged $2 billion towards the fight and also backed the World Health Organisation.

A trading idea for today, Bell Potter bumped up its price target for the agri-business Elders (ASX:ELD) to $11.75, implying a 14% share price growth in a year from yesterday’s close of $10.34. 

Investors will be watching: James Hardie Industries (ASX:JHX), OFX Group (ASX:OFX), TechnologyOne (ASX:TNE), Adelaide Brighton (ASX:ABC), Atlas Arteria Group (ASX:ALX) & the RBA’s meeting minutes.

In today’s morning bell, Jessica covers:

• Local market – (0:03)
• Global markets – (0:47)

What to watch today:

• James Hardie Industries (ASX:JHX) – (1:38)
• OFX Group (ASX:OFX) – (1:38)
• TechnologyOne (ASX:TNE) – (1:44)
• Adelaide Brighton (ASX:ABC) – (1:48)
• Atlas Arteria Group (ASX:ALX) – (1:48)
• The RBA’s meeting minutes – (1:55)
• Bell Potter trading idea: Elders (ASX:ELD) – (2:14)
• ETFs – (2:56)