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

On Stockhead today, Sam Jacobs reviews US-focused brokerage Stake, Tim Treadgold looks at a nickel play with exposure to palladium and Aussie cannabis legislation appears to be all over the joint.

But first,

The day ahead

Today is a big day for economic data. Monthly home loans and investment lending will come out at 11.30am. Then at 12pm Westpac-Melbourne Institute Consumer Inflationary Expectations for October will be released.

The following companies are in trading halts or suspensions and are expected to exit within the next 48 hours:

Thursday:
Golden Mile Resources (ASX: G88) – capital raise
Cyprium Metals (ASX: CYM) – assay results
Reece Pharmaceuticals (ASX: RCE) – capital raising
Variscan Mines (ASX: VAR) – capital raising
KneoMedia (ASX: KNM) – capital raising

Friday:
Focus Minerals (ASX: FML) – response to article
Salt Lake Potash (ASX: SO4) – completion of BFS
ALT Resources (ASX: ARS) – funding agreement
Smart Marine Systems (ASX: SM8) – acquisition
iCandy Interactive (ASX: ICI) – joint venture agreement
EMvision Medical Devices (ASX: EMV) – response to ASX query

Markets

Gold: $US1,506.90 (+0.13%)

Silver: $US17.78 (+0.40%)

Oil (WTI): $US52.32 (-0.40%)

Oil (Brent): $US57.96 (-0.39%)

Coal: $US69.65 (+0.9%)

Iron 62pc Fe: $US93.53 (+1.06%)

AUD/USD: $US0.6739 (+0.16%)

Bitcoin: $US8,147.27 (-1.11%)

What got you talking yesterday

On Twitter our followers were most interested in K-Tig (ASX: KTG) which relisted on the ASX yesterday.

Investors back disruptive welding company K-TIG with $7m raise #ad $KTG https://t.co/Cs7SjVOCxb pic.twitter.com/1CW778uh2U

— Stockhead (@StockheadAU) October 8, 2019

While in our small cap Facebook group users were most interested in water treatment stocks. Join here for a daily recap of our best stories and plenty of small cap discussion.

These were the five most-tipped stocks (weekly) on Stocks in Play:

Yesterday’s winners

Yesterday’s losers

At Stockhead we tell it like it is. While K-Tig is a Stockhead advertiser it did not sponsor this article.