Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Chinese New Year is just around the corner and these stocks are finding fortune with the Asian behemoth, we explore the ups and downs of the gold price rollercoaster and cannabis could be the answer to one WA town’s woes.
Australian markets will get the data event of the week today, with the release of December employment figures from the ABS.
The median forecast is for 12,000 jobs to be added, with the monthly unemployment rate to hold at 5.2 per cent. Although, the economics team at Westpac is more bearish, predicting a 5,000-job decline.
Later tonight, all eyes will be on the European Central Bank when it announces its monthly policy decision.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Comet Resources (ASX:CRL) – proposed acquisition
Resolute Mining (ASX:RSG) – capital raising
Accelerate Resources (ASX:AX8) – capital raising
Gold: $US1,555.55 ($2,273.44) (+0.11%)
Silver: $US17.87 (+0.41%)
Oil (WTI): $US56.69 (-2.96%)
Oil (Brent): $US62.98 (-2.29%)
Coal: $US70.27 (-0.96%)
Iron 62pc Fe: $US94.80 (-0.01%)
AUD/USD: $US0.6842 (-0.04%)
Bitcoin: $US8,646.98 (-0.41%)
It’s anyone’s guess as to when uranium will recover but $US60 ($88) per pound will be the price incentivising new mines to begin while $US30 will be enough for existing mine owners like Boss Resources (ASX: BOE) to ramp things up again.
Our Twitter followers enjoyed our chat with Boss’ managing director Duncan Craib.
$US60 per pound is the incentive price for new [uranium] mines to come on the market…I'd like to think a rebound is going to happen this year” – one #uranium executive says https://t.co/PLWmeZcvlQ $BOE
— Stockhead (@StockheadAU) January 21, 2020
These were the most tipped stocks (weekly) on Stocks in Play: