Rise and Shine: What you need to know before the ASX opens
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On the data front, local markets will get an update on the residential construction downturn with June building approvals data from the ABS (11:30am AEST).
Also in Asian trade, the Bank of Japan will make its policy announcement. No change is expected to rate settings but as usual, markets will watch for any changes in the bank’s outlook.
And the next round US-China trade talks will commence in Shanghai, with commentators now just hoping for some gestures of goodwill rather than a trade deal.
And overnight, the US has income & expenditure data which includes the PCE inflation measure for June — the preferred inflation measure of the US Federal Reserve.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Hammer Metals (ASX: HMX) – capital raising
Podium Minerals (ASX: POD) – capital raising.
Marmota (ASX: MEU) – drilling results
Superior Resources (ASX: SPQ) – capital raising
Greenland Minerals (ASX: GGG) – capital raising
Global Vanadium (ASX: GLV) – capital raising
Anglo Australian Resources (ASX: AAR) – exploration results
Zinc of Ireland (ASX: ZMI) – mineral resource estimate
Mako Gold (ASX: MKG) – capital raising
Austar Gold (ASX: AUL) – capital raising
TV2U International (ASX: TV2) – new commercial agreement.
Gold: $US1,425.02 ($2,064.20) +0.49%
Oil (Brent): $US63.750 +0.05%
Oil (WTI): $US57.15 +0.18%
Coal: $US75.00 +1.26%
Iron ore 62pc fe: $US118.45 -0.3%
AUD/USD: $US0.6904 +0.04%
These were the five most-discussed stocks among ASX investors on Monday, July 29:
Among the most talked-about stocks was Andromeda Metals (ASX: ADN), which rose by 76 per cent to 4.4 cents after receiving non‐binding offtake Letters of Intent from four potential Chinese customers for its dry‐processed halloysite‐kaolin product.
It follows a visit to China in June from ADN representatives, who carried out application testing of the dry-processed products.
These were the best performing stocks at the close of trade on Monday, July 29:
These were the worst performing stocks at the close of trade on Monday, July 29: