Rise and Shine: What you need to know before the ASX opens

Link copied to
clipboard

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.

But first…

The week ahead

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:

Monday:

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

Tuesday:

Australian Potash (ASX:APC) – capital raising
Cellnet Group (ASX:CLT) – capital raising

Markets

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%)

What got you talking last week

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.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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.

These were the most tipped stocks (weekly) on Stocks In Play:

Last week’s winners

Last week’s losers

share

• 
• 
• 
• 

Link copied to
clipboard

SUBSCRIBE

Get the latest Stockhead news delivered free to your inbox.

Name*

Email*

Hidden

Email Lists

Morning Update

Lunch Update

Market Close Update

Weekend Update

It's free. Unsubscribe whenever you want.

By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.

You might be interested in

Trending

Mining

Gold Digger: Overvalued or racing towards US$2500/oz? Will the real gold price please stand up?

April 19, 2024 | Josh Chiat with Reuben Adams

News

ASX Small Caps and IPO Weekly Wrap: A short week for a small win on the ASX

April 5, 2024 | Gregor Stronach

Mining

Monsters of Rock: Stanmore buys Chinese steel giant out of Aussie coal, another miner goes bankrupt

April 5, 2024 | Josh Chiat