Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how defence stocks are adapting for a post-pandemic world, one expert says 5 reasons why the oil crisis might not be over yet and why private equity reckons petrol stations are still the best bet.
Key economic data today will be led by Q1 wage growth figures from the ABS (11:30am EST).
The median forecast is for quarterly growth of 0.5 per cent, although Westpac doesn’t expect to see any impact from COVID-19. “Wages are usually slow to respond to labour market shifts,” the bank’s economics team said.
Westpac’s monthly consumer confidence survey is also due out, which is expected to remain subdued after sentiment suffered a pandemic-driven collapse in April.
The following companies are in trading halts and are expected to exit in the next two trading days:
Creso Pharma (ASX:CPH) – additional information to Monday’s announcement
Mesoblast (ASX:MSB) – capital raising
Alacer Gold (ASX:AQG) – M&A transaction
Schrole Group (ASX:SCL) – capital raising
Noxopharm (ASX:NOX) – capital raising
Ecofibre (ASX:EOF) – manufacturing agreement
AVZ Minerals (ASX:AVZ) – operational update
Regional Express (ASX:REX) – response to speculation
MG Unit Trust (ASX:MGC) – proposed liquidation
Alterra (ASX:1AG) – sale of property
Middle Island Resources (ASX:MDI) – capital raising
Taruga Minerals (ASX:TAR) – option acquisition
Xped (ASX:XPE) – funding announcement
Atomos (ASX:AMS) – capital raising
Volt Resources (ASX:VRC) – capital raising
Chalice Gold Mines (ASX:CHN) – capital raising
Gold: $US1,704.50 ($2,633.86) (+0.67%)
Silver: $US15.43 (-0.19%)
Oil (WTI): $US25.40 (+4.23%)
Oil (Brent): $US29.48 (-0.51%)
Coal: $US55.22 (+0.49%)
Iron 62pc Fe: $US91.67 (+3.5%)
AUD/USD: $US0.6472 (-0.26%)
Bitcoin: $US8,821.43 (+2.12%)
Over on the Stockhead Twitter page, readers took an interest in our news update on the Chinese car market, where car sales just had their first annual increase since June 2018.
— Stockhead (@StockheadAU) May 12, 2020
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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