Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, one expert gives his perspective on Bitcoin’s recent wild ride and catalysts for a price rise, this week’s Explorers podcast and investor cash is still rife for mining projects, it’s just a little pickier than it was before.
There’s a key Australian economic update at 11:30am (Sydney time), with the release of all-important inflation figures for the September quarter.
The median forecast is for CPI to increase by 0.5 per cent, leaving the annual rate at 1.7 per cent — still comfortably below the RBA’s 2-3 per cent target.
And biotech investors will be gathering at the 2019 AusBiotech Invest & Partnering event, which kicks off today at the Melbourne Convention and Exhibition Centre.
As a media partner of the event, Stockhead will have a team covering all the action live from the conference floor, via Tim Boreham’s Health Kick podcast along with our 90-second videos.
A link to the full program of companies presenting is available to download here.
Later tonight, all eyes will be on the US Federal Reserve as the central bank makes its interest rates announcement.
Markets are priced for the Fed to cut rates again, and analysts will be watching for any changes to its future outlook.
The Fed decision will follow the latest reading for US Q3 GDP (also on Wednesday). Two other central banks (Canada on Wednesday, and Japan on Thursday) will also make policy announcements.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Invigor Group (ASX:IVO) – capital raising
Adriatic Metals (ASX:ADT) – capital raising
Metals Australia (ASX:MLS) – capital raising
Tyranna Resources (ASX:TYX) – acquisition
Aurora Labs (ASX:A3D) – capital raising
Vanadium Resources (ASX:VR8) – capital raising
Azumah Resources (ASX:AZM) – takeover update
Ausmex Mining Group (ASX:AMG) – capital raising
Wellness & Beauty Solutions (ASX:WNB) – capital raising
IXUP (ASX:IXU) – capital raising
Alexium International Group (ASX:AJX) – capital raising
Strike Energy (ASX:STX) – capital raising
Tempo Australia (ASX:TPP) – capital raising
Gold: US$1,494.01 (+0.01%)
Silver: $17.83 (-0.14%)
Oil (WTI): $55.30 (-0.91%)
Oil (Brent): $60.80 (-1.25%)
Coal: $70.57 (+4.24%)
Iron 62pc Fe: $87.98 (+0.7%)
AUD/USD: 0.6850 (+0.18%)
Bitcoin: $9,430.36 (+0.34%)
These were the 10 most tipped stocks (weekly) on Stocks in Play: