Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, here’s what the Australian travel industry will look like after COVID-19 and what it needs to recover, StockTalk: How cybersecurity firms are responding to the new normal of remote work and the juniors vying for some hotly contested gold ground near Fosterville.
This week’s economic data is heavily front ended. Today look out for month on month building approvals, ANZ Job advertisements and the Melbourne Institute Inflation expectations.
Releases on Tuesday include CBA’s Performance Manufacturing Index and ANZ-Roy Morgan weekly consumer confidence. Most importantly, the Reserve Bank will be meeting tomorrow.
While the Reserve Bank is not expected to cut interest rates further, it will likely comment on the Australian economy’s performance in the last month as Australia flattened the COVID-19 curve.
The following companies are in trading halts and are expected to exit in the next two trading days:
Buddy Technologies (ASX:BUD) – capital raising
Wameja (ASX:WJA) – account lodgement
LNG (ASX:LNG) – change in officeholders
DataDot Technology (ASX:DDT) – capital restructure and raising
Ingenia Communities (ASX:INA) – capital raising
Nuheara (ASX:NUH) – capital raising
AVZ Minerals (ASX:AVZ) – underwriting of options
3D Resources (ASX:DDD) – capital raising
Tempus Resources (ASX:TMR) – capital raising
Australian Potash (ASX:APC) – capital raising
Cellnet Group (ASX:CLT) – capital raising
Gold: $US1,699.12 ($2,648.78) (+1.13%)
Silver: $US14.94 (-0.53%)
Oil (WTI): $US19.78 (+4.99%)
Oil (Brent): $US26.44 (+4.63%)
Coal: $US53.20 (-2.26%)
Iron 62pc Fe: $US82.50 (-1.60%)
AUD/USD: $US0.6414 (-0.06%)
Bitcoin: $US8,855.46 (-0.93%)
Gold was again popular all of last week but particularly last Wednesday. Junior producer West African Resources (ASX:WAF) bought another project in Burkina Faso.
This was just a month after it poured its first gold at its Sanbrado project.
The deal with Canadian miner B2Gold comes just one month after West African poured first gold at Sanbrado, which the company says is on target for +300,000 ounces of unhedged production in first 12 months. #ASX #ausbiz $WAF https://t.co/d3Q4tM1oWU
— Stockhead (@StockheadAU) April 29, 2020
Readers also enjoyed Bevis Yeo’s story last Monday on the latest report suggesting Australia’s hydrogen industry could be massive within a decade.
Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
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