Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, three scenarios for the spread of coronavirus and how long the fallout will last, what Aussie small caps should know before trying to tap Asian investors and market selloff weighs on ASX debutantes.
RBA deputy governor Guy Debelle will give the keynote address at the AFR business summit this morning. There’s also Westpac’s monthly consumer sentiment survey and housing finance data from the ABS.
Later on, US markets will get the latest inflation print for the month of February.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:
Empire Resources (ASX:ERL) – exploration results
Rent.com.au (ASX:RNT) – capital raising
NeuroScientific Biopharmaceuticals (ASX:NSB) – pre-clinical study results
Anglo Australian Resources (ASX:AAR) – capital raising
Sayona Mining (ASX:SYA) – capital raising
Silver City Minerals (ASX:SCI) – acquisition of Lachlan Belt tenure
ResApp (ASX:RAP) – update on regulatory approval
Galan Lithium (ASX:GLN) – Hombre Muerto West tenure update
Creso Pharma (ASX:CPH) – change in management at subsidiary
Gold: $US1,649.87 ($2,538.88) (-0.43%)
Silver: $US16.88 (-0.08%)
Oil (WTI): $US34.51 (+14.27%)
Oil (Brent): $US37.78 (+12.98%)
Coal: $US66.27 (-1.27%)
Iron 62pc Fe: $US92.09 (+4.7%)
AUD/USD: $US0.6501 (-1.58%)
Bitcoin: $US7,973.48 (+1.63%)
Yesterday’s trading session followed one of the biggest intra-day stock selloffs in recent memory, amid virus fears and an oil price collapse.
We asked an oil & gas expert and a fund manager for some extra insights into the drastic market forces currently impacting prices.
These were the most tipped stocks (weekly) on Stocks in Play: