Rise and Shine: What you need to know before the ASX opens
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On Stockhead today: outsiders attracted to local M&A season in cannabis, is Aussie retail really struggling, Secret Broker looks at the Latitude debacle and music tech looking most groovy in past fortnight.
It’s a relatively quiet data schedule both locally and abroad to end the week.
During the Asian session there’s monthly inflation data out of Japan, and China’s stats bureau will release its monthly data deluge comprising fixed asset investment, industrial production and retail sales. China also has quarterly GDP data, with annual growth expected to slow slightly to 6.1 per cent.
And markets will await a big weekend coming up in UK parliament, with lawmakers set to vote on the latest Brexit agreement with the European Union.
The following companies are in trading halts and are expected to exit in the next 48 hours:
Alloy Resources (ASX:AYR) – capital raising
Fluence Corp (ASX:FLC) – capital raising
Parazero (ASX:PRZ) – capital raising
Geopacific Resources (ASX:GPR) – capital raising
Karios Minerals (ASX:KAI) – capital raising
Ultracharge (ASX:UTR) – proposed acquisition
Palla Pharma (ASX:PAL) – capital raising
Great Souther Mining (ASX:GSN) – capital raising
WiseTech Global (ASX:WTC) – response to J Capital report
Gold: $US1,492.71 (+0.18%)
Silver: $US17.43 (+0.95%)
Oil (WTI): $US54.00 (+1.20%)
Oil (Brent): $US59.92 (+0.84%)
Coal: $US68.67 (+0.81%)
Iron 62pc Fe: $US87.06 (-0.9%)
AUD/USD: $US0.6829 (+1.08%)
Bitcoin: $US7,970.98 (-2.6%)
Over on the Stockhead Twitter page, senior journalist Reuben Adams’ coverage of the latest round of deal activity in Australia’s vanadium sector got plenty of attention.
— Stockhead (@StockheadAU) October 17, 2019
These were the six most-tipped stocks (weekly) on Stocks in Play: