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

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On Stockhead today, some US-based ASX small caps are finding it tough to make it Down Under, RockTalk: Uranium’s rennaisance or a false dawn? And oil might skip the negative price bullet this time.

But first…

The day ahead

Today the Reserve Bank will release the minutes from its meeting a fortnight ago. These are more comprehensive than the statement released after the meeting. Economists are expecting insights as to whether further interest rate cuts and potentially quantitative easing are on the cards.

The following companies are in trading halts and are expected to exit in the next two trading days:

Tuesday:

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

Wednesday:

Race Oncology (ASX:RAC) – managing director tenure
Technology Metals Australia (ASX:TMT) – end user partner discussions
Cann Global (ASX:CGB) – research initiative
Flamingo AI (ASX:FGO) – operations update
Volt Resources (ASC:VRC) – project acquisition
G Medical Innovations Holdings (ASX:GMV) – product registration status update
Vango Mining (ASX:VAN) – mineral resource update
Aura Energy (ASX:AEE) – clarification
European Lithium (ASX:EUR) – legal matters

Markets

Gold: $US1,732.64 ($2,711.93) (-0.51%)

Silver: $US16.96 (+2.16%)

Oil (WTI): $US32.74 (+11.25%)

Oil (Brent): $US35.45 (+9.11%)

Coal: $US54.75 (+0.33%)

Iron 62pc Fe: $US86.84 (+1.06%)

AUD/USD: $US0.6524 (+1.73%)

Bitcoin: $US9,678.60 (-0.67%)

What got you talking yesterday

On Twitter yesterday it was all about China’s demand for commodities. Despite COVID-19 and diplomatic tensions, imports of commodities are higher than last year.

Chinese imports of Australian commodities are up, particularly coking coal which has more than doubled since last year; but local retail sales are down 7.5% year on year https://t.co/H7o7gS5CWN #ausecon #ausbiz

— Stockhead (@StockheadAU) May 17, 2020

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:

Yesterday’s winners

Yesterday’s losers

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