Rise and Shine: What you need to know before the ASX opens
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Also, today is opening day for Australia biggest annual mining conference, the legendary Diggers & Dealers hoedown in Kalgoorlie. Our own Reuben Adams is there, and promises to resist the town’s many charms to bring you all the newsworthiest news as it drops. Here’s his Day 1 preview.
Stay strong, Reubs.
Key data and events in Australia will be led by the Reserve Bank’s policy announcement on Tuesday. Rates are expected to stay on hold now at one per cent following two consecutive cuts.
Also on Friday, RBA Governor Philip Lowe will give his half-yearly testimony to parliament, and the central bank will release its latest set of economic forecasts in the quarterly Statement on Monetary Policy.
Elsewhere, the ABS has June trade data on Tuesday and housing finance figures on Wednesday.
Looking abroad, there’s a raft of July PMI activity figures across major economies to start the week. New Zealand has Q2 employment figures on Tuesday and China will release July inflation figures on Friday.
It’s a quieter run of key data out of the US, with a number of speakers from the US Fed scheduled throughout the week.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Big River Gold (ASX: BRV) – capital raising
Bounty Mining (ASX: B2Y) – capital raising
Galan Liathium (ASX: GLN) – capital raising
Coziron Resources (ASX: CZR) – capital raising
Vango Mining (ASX: VAN) – exploration results
Anglo Australian Resources (ASX: AAR) – capital raise
ReNu Energy (ASX: RNE) – material transaction
Oakdale Resources (ASX: OAR) – capital raising
Rumble Resources (ASX: RTR) – acquisition
S2 Resources (ASX: S2R) – exploration results
MGM Wireless (ASX: MWR) – distribution agreement
Venturex Resources (ASX: VXR) – debt funding
Gold: $US1,440.46 ($2,119.98) -0.32%
Silver: $US16.21 -0.70%
Oil (Brent): $US61.89 +2.30%
Oil (WTI): $US55.66 +3.17%
Coal: $US74.90 +0.13%
Iron ore 62pc fe: $US106.51 -4.92%
AUD/USD: $US0.6795 -0.09%
There was plenty that caught our readers’ eye over the past week, from how to find gold on trees to the looming threat posed by neo-lenders to Australia’s big banks — and pretty much everything in between. It’s all summarised here (along with some fine cricket banter) in the latest edition of Kick Back.
These were the five most-discussed stocks among ASX investors on Friday, August 2:
Australia’s bustling buy-now-pay-later sector got a new member this week in Sezzle (ASX:SZL), and just like the addition before that in Splitit (ASX:SPT), the company had a great debut.
After raising $43.6 million selling shares at $1.22 a pop, SZL shares rose 95 per cent and were trading at $2.36 on Friday afternoon.
It was another good week for drone killers DroneShield (ASX:DRO), which has stitched up a spate of deals and partnership agreements in recent weeks. The stock closed at 31 cents for a weekly gain of around 60 per cent.
Here are the best performing ASX small cap stocks for July 29-Aug 2 (intraday):
Shareholders in financial services provider N1 Holdings (ASX:N1H) reacted poorly to the company’s quarterly report.
The company has been looking to build a footprint in the market for business lending, but its shares dropped 65 per cent to 3c in response to a quarter-on-quarter decrease in customer receipts.
Here are the worst performing ASX small cap stocks for July 29-Aug 2 (intraday):