Rise and Shine: What you need to know before the ASX opens

On Stockhead today, the ASX companies Eric Sprott’s backing, the company creating the ‘Big Aussie Battery’, and the lithium market that isn’t EV-related.

But first:

The day ahead

It’s the most important day on this week’s data calendar, with all eyes on this morning’s June quarter inflation print for the Australian economy (11:30am AEST).

The median forecast is for core CPI growth to remain sluggish at 1.5 per cent, after it fell to 1.42 per cent in the three months to March — the equal lowest level on record.

Later tonight, the US Federal Reserve will take centre stage with its latest monetary policy announcement, with a rate cut now fully priced in. The focus will then turn to the central bank’s press conference, for any further clues to its near-term outlook.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Wednesday:
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
TV2U International (ASX: TV2) – new commercial agreement

Thursday:
Kyckr (ASX: KYK) – capital raise
Tinybeans (ASX: TNY) – capital raise
Equus Mining (ASX: EQE) – capital raise
NeuroScientific Biopharmaceuticals (ASX: NSB) – R&D updater
YPB (ASX: YPB) – capital raise
Regenesus (ASX: RGS) – capital raise
Spectrum Metals (ASX: SPX) – capital raise
Botanix Pharmaceuticals (ASX: BOT) – capital raise
Readcloud (ASX: RCL) – capital raise
Auroch Minerals (ASX: AOU) – capital raise
Strike Energy (ASX: STX) – well update
Warrego Energy (ASX: WGO) – well update

Markets

Gold: $US1,430.76 ($2,081.11) +0.84%

Silver: $US16.55 -0.11%

Oil (Brent): $US64.96 +0.08%

Oil (WTI): $US58.18 -0.31%

Coal: $US74.50 -0.67%

Iron ore 62pc fe: $US121.15 +2.70%

AUD/USD: $US0.6874 -0.41%

What got you talking yesterday

These were the five most-discussed stocks among ASX investors on Tuesday, July 30:

$BOT — Botanix Pharma Ltd
$STX — Strike Energy
$LYC — Lynas Corporation
$AJM — Altura Mining
$SZL — Sezzle Inc

Yesterday’s winners

There were four double-ups in the session, as a series of minnow resources stocks ticked higher to post 100 per cent gains.

But it was new entrant Sezzle (ASX: SZL) that turned heads when it listed at 12pm, rising to $2.50 before closing the session at $2.20 — an 80 per cent premium to its listing price of $1.22. Ord Minnett is the lead broker for Sezzle.

And engineering and construction company Weststar Industrial (ASX: WSI) jumped by almost 60 per cent after its quarterly 4C filing record cash receipts of $17.8m in the three months to June — an increase of 300 per cent.

These were the best performing stocks at the close of trade on Tuesday, July 30:

Yesterday’s losers

These were the worst performing stocks at the close of trade on Tuesday, July 30: