Rise and Shine: What you need to know before the ASX opens
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Last week in economic data was dominated by the jobs market. This week it will be about the Reserve Bank, releasing minutes of its most recent policy meeting on Tuesday. On Thursday Governor Phillip Lowe will be taking part in an expert panel moderated by FINSIA.
Also look out for Westpac’s leading index and monthly retail sales on Wednesday. On Thursday Commonwealth Bank releases its Performance Manufacturing Index.
The following companies are in trading halts and are expected to exit in the next two trading days:
Roots Sustainable Agricultural Technologies (ASX:ROO) – capital raising
Wide Open Agriculture (ASX:WOA) – material licence and option agreement
Hot Chili (ASX:HCH) – capital raising
Torian Resources (ASX:TNR) – capital raising
Flinders Mines (ASX:FMS) – capital raising
OreCorp (ASX:ORR) – capital raising
Byron Energy (ASX:BYE) – capital raising
Riversgold (ASX:RGL) – capital raising
Tanga Resources (ASX:TRL) – capital raising
Element 23 (ASX:E25) – pre-feasibility study completion
Dreadnought Resources (ASX:DRE) – capital raising
Gold: $US1,741.35 ($2,711.93) (+0.51%)
Silver: $US15.50 (+4.66)
Oil (WTI): $US29.43 (+6.79%)
Oil (Brent): $US32.50 (+4.40%)
Coal: $US54.57 (-3.11%)
Iron 62pc Fe: $US86.84 (+1.06%)
AUD/USD: $US0.6425 (+0.19%)
Bitcoin: $US9,739.23 (+3.87%)
Last week it was all about uranium and if after a decade of despair better days are ahead?
A spike in the uranium spot prices is a sign in itself as is the excitement held by executives of ASX small cap uranium plays who spoke with Stockhead last week.
It’s inevitable: without a substantial/ prolonged uranium price response to incentivise new production, “we are heading towards a deep, deep structural deficit”, Bannerman’s Brandon Munro says. $BMN $VMY $BOE $PDN $GTR $TIN #ASX #ausbiz #nuclear https://t.co/pV0tVaQ19H
— Stockhead (@StockheadAU) May 13, 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: