Rise and Shine: What you need to know before the ASX opens
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At 11.30am today our current account balance will be released. Australia could record its first current account surplus since 1975.
Also we’ll see monthly retail sales and quarterly net exports. And finally at 9.30am, the ANZ/Roy Morgan Weekly Consumer Confidence will be released.
The Reserve Bank will be meeting today and we’ll know their decision at 2.30pm. It is expected to sit tight again but more rate cuts could be on the cards as early as next month.
Among earnings today include Buddy Technologies (ASX:BUD), Family Insights Group (ASX:FAM) and Immutep (ASX:IMU).
US markets were closed overnight for the Labour Day long weekend.
The following companies are due out of trading halts in the next 48 hours.
Rumble Resources (ASX:RTR) – capital raising
Maximus Resources (ASX:MXR) – sale of gold mill
Classic Minerals (ASX:CLZ) – drill results
Carnarvon Petroleum (ASX:CVN) – well results
Environmental Clean Technologies (ASX:ECT) – strategy update
RBR Group (ASX:RBR) – capital raising
ADX Energy (ASX:ADX) – drilling results
Gold: $US1,524.71 ($2,269.88) +0.33%
Silver: $US18.35 +0.06%
Oil (Brent): $US58.96 -2.37%
Oil (WTI): $US54.93 -0.13%
Coal: $US66.50 +0.99%
Iron ore 62pc Fe: $US90.91 -0.27%
AUD/USD: $US0.6717 -0.24%
Bitcoin: $US10,394.60 +6.34%
Over on Stockhead’s Facebook group chat, members were most interested in Meteoric Resources (ASX: MEI) which is expected to announce drilling results in the coming day.
You can join here to discuss small-caps – both specific stocks as well as broader market trends.
These were the five most-tipped stocks on Stocks in Play on Monday:
$ARS – Alt Resources
$STX – Strike Energy
$HMX – Hammer Metals
$VAL – Valor Resources
$LON – Longtable Group