Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the watchlist of likely losers from Victoria re-entering lockdown, Australians are starting to respond to potential cyber threats and the director that dropped $5.6m on a prawn farming stock.
This week economists will be most closely watching the Reserve Bank as it holds its monthly meeting on Tuesday.
While interest rates are expected to remain on hold, their comments on the state of Australia’s economy in the last month will likely be of interest, particularly in light of some parts of Melbourne returning to lockdown.
Other important data this week includes job advertisements data on Monday and home loan values on Thursday.
The following companies are in trading halts and are expected to exit in the next two trading days:
Alara Resources (ASX:AUQ) – board change
Cipherpoint (ASX:CPT) – capital raising
Ora Banda Mining (ASX:OBM) – capital raising
Marquee Resources (ASX:MQR) – capital raising & project acquisition
Carbonxt Group (ASX:CG1) – capital raising
Hydrix (ASX:HYD) – capital raising
Gold: $US1,774.79 ($2,560.60) (-0.02%)
Silver: $US18.04 (+0.78%)
Oil (WTI): $US40.32 (-0.81%)
Oil (Brent): $US42.80 (-0.79%)
Coal: $US54.27 (-0.06%)
Iron 62pc Fe: $US98.94 (+0.95%)
AUD/USD: $US0.6931 (-0.12%)
Bitcoin: $US9,032.46 (-1.08%)
Gold has gained nearly 30 per cent over the last financial year in both US and Aussie dollar terms. But analysts reckon there’s more to come.
— Stockhead (@StockheadAU) July 1, 2020
Also popular last week was Reuben Adams’ piece on S&P’s warning that the world needs more copper discoveries to meet projected demand.
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.