Rise and Shine: What you need to know before the ASX opens
Link copied to
On Stockhead today, two small cap fund managers on what they expect to happen next after the wild COVID-19 ride, three experts weigh in on Australia’s clean energy future and a 50-day market run has got the bears annoyed.
With this week being shorter due to several states having a public holiday on Monday, much of this week’s economic data is squashed into Tuesday and Wednesday.
Today look out for ANZ Job Advertisements, NAB Business confidence and the Manpower Employment Outlook Survey.
Data being released on Wednesday includes Westpac Consumer Confidence, home and investor loan values and ANZ-Roy Morgan Consumer Confidence. Finally, on Thursday we’ll see consumer inflation expectations.
The following companies are in trading halts and are expected to exit in the next couple of trading days:
BMG Resources (ASX:BMG) – capital raising
Nelson Resources (ASX:NES) – capital raising
Torian Resources (ASX:TNR) – exploration results
Global Petroleum (ASX:GBP) – ASX removal application
Thomson Resources (ASX:TMZ) – capital raising
Medibio (ASX:MEB) – capital raising
Gold: $US1,698.30 ($2,419.65) (+0.79%)
Silver: $US17.76 (+2.25%)
Oil (WTI): $US38.18 (-3.46%)
Oil (Brent): $US40.78 (-3.62%)
Coal: $US56.05 (-1.15%)
Iron 62pc Fe: $US100.40 (-1.57%)
AUD/USD: $US0.7019 (+0.72%)
Bitcoin: $US9,707.85 (+0.18%)
Gold has continued to be popular despite its fall in Aussie dollar terms with its appreciation against the US dollar. In particular, our Twitter followers liked Bevis Yeo’s recap of gold stocks with projects in the Americas.
American gold projects offer significant opportunities for Australian explorers who bring their brand of exploration across the Pacific #mining #gold #goldstocks $HWK $NVA $RML $TTM https://t.co/XU8vtIjHle
— Stockhead (@StockheadAU) June 4, 2020
Also popular last week was our recap of rare earths stocks that could gain from the continued uptake of electric vehicles.
Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners and losers at the opening bell.