Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, analysts reckon gold will punch through $US2000 by year-end, how fast executives think their industries will rebound from COVID-19 and Hydrix tries to cut through the complexity with $$$.
Today’s economic data includes Australia’s trade balance as well as monthly import and export figures. Economists expect another trade surplus, in the vicinity of $9m, which would represent a slight increase from last month.
The following companies are in trading halts and are expected to exit in the next two trading days:
Amplia Therapeutics (ASX:ATX) – capital raising
DiscovEX Resources (ASX:DCX) – capital raising
Resource Generation (ASX:RES) – capital raising
Mineral Commodities (ASX:MRC) – expanded mining rights application
Avenira (ASX:AEV) – capital raising
Home Consortium (ASX:HMC) – capital raising
AIC Mines (ASX:A1M) – capital raising
Temple & Webster (ASX:TPW) – capital raising
Gold: $US1,769.70 ($2,559.21) (-0.82%)
Silver: $US17.98 (-1.16%)
Oil (WTI): $US39.71 (+1.12%)
Oil (Brent): $US41.92 (+1.90%)
Coal: $US52.97 (-0.81%)
Iron 62pc Fe: $US102.95 (-0.11%)
AUD/USD: $US0.6903 (+0.54%)
Bitcoin: $US9,151.41 (-0.32%)
Analysts have continually warned us of a forthcoming “copper crunch”. Earlier this week S&P said the situation had gotten more dire this decade.
“Even when the additional exploration efforts are completed over the coming years, 2010-19 will remain the worst decade for copper discoveries that we have recorded.”#ASX #ausbiz #exploration #copper https://t.co/wp46rlBJ9g
— Stockhead (@StockheadAU) July 1, 2020
Also popular with our readers was our latest edition of RockTalk which discussed oil’s post COVID bounce.
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.