Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the cost of pausing clinical trials because of COVID-19, the small caps that are cheering for the return of elective surgeries next week and what happens to cobalt prices if supply ‘disappears’?
There are no headline data releases on the calendar, either locally or abroad.
Australian traders will get a look at Westpac’s leading economic index for March, which the bank’s economics team says is “set for a very steep fall”.
Elsewhere there’s March inflation data for the UK and Canada, with April consumer confidence figures out of Europe and the US monthly FHFA house price data (on a lag from February).
The following companies are in trading halts and are expected to exit in the next two trading days:
Rhipe (ASX:RHP) – capital raising
Metcash (ASX:MTS) – capital raising
Legend Mining (ASX:LEG) – exploration results
Sunstone Metals (ASX:STM) – capital raising
MRG Metals (ASX:MRQ) – mineral resource estimate
Pioneer Credit (ASX:PNC) – debt facility update
Cynata Therapeutics (ASX:CYP) – capital raising
Galileo Mining (ASX:GAL) – capital raising
Australian Dairy Nutritionals (ASX:AHF) – change to material contract
Gold: $US1,686.90 ($2,686.05) (-0.28%)
Silver: $US14.88 (-2.50%)
Oil (WTI): -$US1.00 (+97.34%)
Oil (Brent): $US19.56 (-23.50%)
Coal: $US57.17 (-1.99%)
Iron 62pc Fe: $US84.43 (+0.31%)
AUD/USD: $US0.6279 (-0.02%)
Bitcoin: $US6,896.07 (+0.16%)
In the wake of the historic collapse in WTI crude prices, Rachel Williamson took a timely look at how the cohort of ASX-listed US oil frackers are positioned in the current market.
We also asked two investment professionals what they think of the short-term outlook for stocks, after a rollercoaster ride through March and April.
These were the most tipped stocks (weekly) on Stocks in Play: