Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, we run through the wildest buy calls made by analysts, this fintech start-up wants to help small businesses get paid Quicka and the largest medical cannabis manufacturing centre in the southern hemisphere opens.
But first, here’s what you need to know.
On the data front, Australia will get Q2 private sector capital expenditure data from the ABS. Markets will be focused on any changes to the capex outlook amid the current economic slowdown.
Looking abroad, the Eurozone will get an update on business confidence while key data in the US will be led by the second estimate of Q2 GDP. Westpac says there’s “little chance of a material revision” from the first reading of 2.1 per cent.
ASX futures are pointing higher after US stocks rose on light trading volumes, led by gains in the energy sector.
The following companies are due out of trading halts in the next 48 hours.
Cogstate (ASX:CGS) – commercial contract
Crowd Media Holdings (ASX:CM8) – major alliance & capital raising
Platina Resources (ASX:PGM) – joint venture opportunity
Argent Minerals (ASX:ARD) – capital raising
Lustrum Metals (ASX:LRM) – project and ASX query review
Novita Healthcare (ASX:NHL) – capital raising
Silver Chef (ASX:SIV) – shareholder discussion
Gold: $US1,539.27 ($2,285.48) +0.03%
Silver: $US18.36 +0.01%
Oil (Brent): $US59.89 +0.05%
Oil (WTI): $US55.90 +1.77%
Coal: $US65.10 -1.81%
Iron ore 62pc Fe: $US82.45 +0.02%
AUD/USD: $US0.6735 +0.03%
Bitcoin: $US9,673.06 -4.59%
The ASX Small Ords posted its second straight gain to close 1.11 per cent higher, as June earnings season rolled on with a number of positive results in resources and IT.
These were the five most discussed stocks among ASX investors on Wednesday: