Rise and Shine: What you need to know before the ASX opens
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Today will be a significant day in economic data with April jobs data at 11.30am.
This includes Australia’s unemployment rate which was only 5.2 per cent in March but is expected to spike to 8.2 per cent.
The following companies are in trading halts and are expected to exit in the next two trading days:
Ecofibre (ASX:EOF) – manufacturing agreement
AVZ Minerals (ASX:AVZ) – operational update
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
Superior Resources (ASX:SPQ) – capital raising
Australian Finance Group (ASX:AFG) – capital raising
Breville (ASX:BRG) – capital raising
Nvoi (ASX:NVO) – capital raising
New Zealand Coastal Seafoods (ASX:NZS) – capital raising
Gold: $US1,716.20 ($2,658.74) (+0.83%)
Silver: $US15.56 (+0.97%)
Oil (WTI): $US25.53 (-0.97%)
Oil (Brent): $US29.37 (-2.03%)
Coal: $US56.35 (+2.05%)
Iron 62pc Fe: $US86.84 (+1.06%)
AUD/USD: $US0.6456 (+0.02%)
Bitcoin: $US9,379.31 (+6.08%)
On Twitter it was about the impact of electric vehicles on petrol stations.
Earlier this week we had a chat with a private equity fund still investing in them. The fund’s manager argues the rise is happening slowly enough for stations to evolve and tenants are among the most reliable rent payers you can find.
“Tenants go into 10-15 year leases so you have the security that they’ll see out their lease…They’re not fully reliant on fuel sales, they’ll evolve their shops over the next few years with electric vehicles” https://t.co/cinc6wRUX0 $TSLA #EVs #electricvehicles
— 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.
These were the most tipped stocks (weekly) on Stocks in Play: