Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, has President Trump given the uranium sector the kick it’s been waiting for, our Hot Money Monday look at this week’s most in-demand stocks, and what lessons do Deutsche Bank’s job cuts have for Australian financial firms?
Key data in Australia this week will be headlined by the June employment figures on Thursday (11:30am AEST).
The RBA — having just cut rates twice in a row to 1 per cent — has recently elevated the importance of ongoing strength in the labour market as a key pillar of economic growth.
Markets are forecasting monthly jobs growth to slow to 10,000, leaving the unemployment rate steady at 5.2 per cent.
Looking abroad, there’s a data deluge out of China today, highlighted by Q2 GDP figures with annual growth expected to come in at 6.2 per cent.
And amid a busy week of US data, US Fed chair Jerome Powell is schedule to give a speech on Tuesday night called “Aspects of Monetary Policy in the Post-Crisis Era”.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Graphex Mining (ASX: GPX) – capital raise
Strike Resources (ASX: SRK) – maiden resource estimate
HomeStay Care (ASX: HSC) – distribution agreement
Black Cat Syndicate (ASX: BC8) – mineral resource update
Titanium Sands (ASX: TSL) – acquisition
Gold: $US1,415.51 ($2,016.39) +0.19%
Silver: $US15.23 +0.70%
Oil (Brent): $US66.88 +0.54%
Oil (WTI): $US60.38 +0.28%
Coal: $US75.43 (-1.31%)
Iron ore 62pc fe: $US120.00 +0.84%
AUD/USD: $US0.7019 +0.66%
Over on Stockhead’s Facebook group chat, there were plenty of interesting stories and bits of research, posted by the Stockhead team and group members alike. Here’s a summary of some of our key insights from last week.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday, July 12:
— HotCopper (@HotCopper) July 12, 2019
It was a good week for tech company Kyckr (ASX: KYK), which was up 95 per cent and has climbed almost 200 per cent since the start of the July.
The reg-tech company scored a commercial partnership with the Singapore division of global insurer AXA Insurance on July 3, and last week signed a two-year agreement with global data platform DemystData.
Also performing strongly was silica sands company VRX Silica (ASX:VRX), which rose more than 70 per cent.
The previous Friday, VRX announced a resource upgrade at its Arrowsmith North project in WA. It followed that up with an announcement on the “C-word” (China), booking a partnership with a major Chinese glass manufacturer for “promotion and sale of silica sand products in China”.
Here are the best performing ASX small cap stocks for July 9-12:
Things got a bit strange at sunscreen maker Advance Nanotek (ASX: ANO), which has been one of the best performers on the ASX this year.
The company’s stock price slumped so sharply it got a “please explain” from the ASX, but it couldn’t say what was causing it — other than the trades in question were being carried out at a low volume relative to the total shares on issue.
Here are the worst performing ASX small cap stocks for July 9 -12: