Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the pre-IPO pipeline is evidence of a shift underway in Australian capital markets, Garimpeiro examines how trade wars and China’s EV battery ambitions are impacting the rare earths market and mine bosses could be jailed for worker deaths under a new Queensland law.
On the local front, RBA governor Phillip Lowe is scheduled to give a speech called “The Year Ahead” in Sydney at 12:30pm.
Markets will be looking for any clues in the speech regarding the central bank’s outlook, after it kept rates on hold yesterday at 0.75 per cent.
There’s Q4 employment data out of New Zealand, while China will report Caixin PMI (services) data for January, which Westpac said “may show the initial impact of the coronavirus”.
The following ASX companies are in trading halts and are expected to exit in the next two trading days:
Identitii (ASX:ID8) – capital raising
Zelira Therapeutics (ASX:ZLD) – capital raising
Speedcast International (ASX:SDA) – half yearly results
Rent.com.au (ASX:RNT) – capital raising
Nelson Resources (ASX:NES) – capital raising
IODM (ASX:IOD) – capital raising
Elixir Energy (ASX:EXR) – operational update
Wellness & Beauty Solutions (ASX:WNB) – acquisition update
De Grey Mining (ASX:DEG) – exploration results
Finbar Group (ASX:FRI) – project approval
Twenty Seven (ASX:TSC) – capital raising
STEMify (ASX:SF1) – disposal transaction
Betmakers (ASX:BET) – New Jersey distribution arrangements
Gold: $US1,557.36 ($2,311.45) (-1.38%)
Silver: $US17.63 (-0.50)
Oil (WTI): $US49.74 (-0.82%)
Oil (Brent): $US53.98 (-0.70%)
Coal: $US70.07 (+3.58%)
Iron 62pc Fe: $US83.76 (+4.2%)
AUD/USD: $US0.6737 (+0.67%)
Bitcoin: $US9,152.05 (-1.79%)
Readers took an interest in the latest on Australia’s cannabis sector from Stockhead’s Nick Sundich, which highlighted three problems in the current regulatory framework where local cannabis companies are aggressively pushing for change.
These were the most tipped stocks (weekly) on Stocks in Play: