Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, is 5G a win for small caps, the “hockey stick” moment for Australian cannabis and a bunch of small caps are paying shareholders better than their large cap counterparts.
Today we are expecting the Melbourne Institute will release its monthly consumer inflation expectations.
This will provide further insight for the RBA as to the state of the economy. Yesterday’s weak consumer confidence figures led to economists, such as Westpac’s Bill Evans, predicting another rate cut could happen as soon as next month.
The following companies are in trading halts or suspensions and are expected to exit within the next 48 hours.
Strategic Elements (ASX:SOR) – AI agreement
Chesser Resources (ASX:CHZ) – capital raising
Havilah Resources (ASX:HAV) – proposed investment
Cougar Metals (ASX:CGM) – response to query
88 Energy (ASX:88E) – capital raising
Paladin Energy (ASX:PDN) – capital raising
Mithril Resources (ASX:MTH) – capital raising
SciDev (ASX:SDV) – capital raising
Gold: $US1,496.89 ($2,181.72) +0.76%
Silver: $US18.16 +0.72%
Oil (Brent): $US60.99 -2.26%
Oil (WTI): $US55.92 -0.61%
Coal: $US69.05 -0.55%
Iron ore 62pc Fe: $US92.34 +1.06%
AUD/USD: $US0.6869 +0.12%
Bitcoin: $US10,145.12 +0.49%
Over in our Facebook Small and Micro Cap chat group members have been interested in how to resolve space congestion and stocks that could benefit as millennials enter their peak spending era.
We also formally welcomed 38 new members. If you aren’t a member you can join here.
These were the five most tipped stocks (weekly) on Stocks in Play: