Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, coronavirus is fuelling rare earths supply concerns, Intelicare is heading for the ASX and the week in cannabis.
Today is one of the busiest days for economists with jobs data due out. This includes the unemployment rate but also the labour force participation rate, job creation figures and the changes in full and part time unemployment.
Also out today is the Reserve Bank’s monthly foreign exchange transaction figures.
The following ASX companies are in trading halts and are expected to exit in the next two trading days:
Odin Metals (ASX:ODM) – transaction
Magnetic Resources (ASX:MAU) – capital raising
Kingwest Resources (ASX:KWR) – capital raising
Resapp Health (ASX:RAP) – capital raising
Blina Minerals (ASX:BDI) – capital raising
Gold: $US1,611.82 ($2,414.35) (+0.63%)
Silver: $US18.45 (+1.23%)
Oil (WTI): $US53.30 (+2.36%)
Oil (Brent): $US58.93 (+2.22%)
Coal: $US67.98 (-0.79%)
Iron 62pc Fe: $US85.43 (+0.67%)
AUD/USD: $US0.6677 (-0.13%)
Bitcoin: $US10,077.98 (-0.90%)
If you’re a mining company it’s all well and good to have a strong project but it’s worth nothing if the government won’t back you.
AVZ Minerals (ASX:AVZ) has a lithium and tin project in the Democratic Republic of Congo and will negotiate with the government about placing the project in a newly created Special Economic Zone (SEZ).
— Stockhead (@StockheadAU) February 18, 2020
Also popular was Zelira Therapeutics’ (ASX:ZLD) clinical success. The company’s ZLT-101 cannabis formulation passed a clinical trial in patients suffering from insomnia with flying colours. The company is now seeking to launch it commercially later this year.
These were the 10 most tipped stocks (weekly) on Stocks in Play: