Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how COVID-19 is changing the way people manage their super, one expert says CBD won’t be available in pharmacies until 2021 and EU could light the fuse on EV rollout with historic post-pandemic stimulus.
In Australia, the RBA will release private sector credit data (including mortgage lending) for April. There’s also survey data from the week ended May 15 to get a gauge on the household impact of COVID-19.
Looking abroad, both the US and Europe will release updated inflation prints, with May CPI figures for the Eurozone and US PCE inflation data for April.
There’s also the University of Michigan’s consumer sentiment survey and Federal Reserve chairman Jerome Powell will take part in a virtual discussion panel.
The following companies are in trading halts and are expected to exit in the next two trading days:
Blackmores (ASX:BKL) – capital raising
Creso Pharma (ASX:CPH) – capital raising
Avira Resources (ASX:AVW) – capital raising
Acrux (ASX:ACR) – licensing agreement
Austal (ASX:ASB) – improved earnings guidance
Buddy Technologies (ASX:BUD) – financing update
Red Mountain Mining (ASX:RMX) – capital raising
Aspen Group (ASX:APZ) – capital raising
Tyranna Resources (ASX:TYX) – capital raising
European Cobalt (ASX:EUC) – acquisition
American Pacific Borate (ASX:ABR) – financing
Atlas Arteria (ASX:ALX) – capital raising
Andromeda Metals (ASX:ADN) – pre-feasibility study results
Aspermont (ASX:ASP) – capital raising
Novonix (ASX:NVX) – capital raising
Gold: $US1,718.75 ($2,589.98) (+0.58%)
Silver: $US17.35 (+0.29%)
Oil (WTI): $US33.64 (+2.53%)
Oil (Brent): $US35.20 (+1.32%)
Coal: $US55.55 (-1.86%)
Iron 62pc Fe: $US91.81 (+0.19%)
AUD/USD: $US0.6636 (-0.02%)
Bitcoin: $US9,452.86 (+3.13%)
Readers took a keen interest in Bevis Yeo’s analysis of the Perth Basin’s emergence as a major hot spot for gas exploration.
Elsewhere in our coverage mix, we got the expert view on the outlook for domestic inflation, while Nick Sundich highlighted the latest small cap to get in on the action in the booming market for hand sanitiser products.
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:
|GLA||Gladiator Resources Ltd||0.002||100.00%||252.9M|
|A1G||African Gold Ltd||0.14||50.00%||172.1k|
|AVW||Avira Resources Ltd||0.003||50.00%||76.5M|
|CCE||Carnegie Clean Energy Ltd||0.003||50.00%||870.0k|
|LCY||Legacy Iron Ore Ltd||0.003||50.00%||1.1M|
|MTB||Mount Burgess Mining NL||0.003||50.00%||1.9M|
|TYX||Tyranna Resources Ltd||0.004||50.00%||22.8M|
|ARE||Argonaut Resources NL||0.007||40.00%||28.3M|
|PGY||Pilot Energy Ltd||0.023||35.29%||1.3M|
|BUY||Bounty Oil & Gas NL||0.012||33.33%||9.3M|
|ANL||Amani Gold Ltd||0.002||33.33%||2.3M|
|NWE||Norwest Energy NL||0.004||33.33%||376.3k|
|SCU||Stemcell United Ltd||0.02||33.33%||11.7M|
|SRN||Surefire Resources NL||0.004||33.33%||473.9k|
|TPD||Talon Petroleum Ltd||0.002||33.33%||1.1M|
|TRL||Tanga Resources Ltd||0.02||33.33%||283.9k|
|CCA||Change Financial Ltd||0.1||32.88%||6.2M|
|BC8||Black Cat Syndicate Ltd||0.64||30.61%||1.3M|
|MXR||Maximus Resources Ltd||0.09||27.14%||12.2M|
|WGN||Wagners Holding Co Ltd||1.25||25.00%||1.1M|