Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, gold could be driven by FOMO and “stagflation” to $US2300 by early 2021, another medtech stock is hitting the ASX block and it’s already got FDA approval, and insiders’ views on the West African gold rush.
This week’s most anticipated economic data is jobs data on Thursday including the unemployment rate. A survey of economists expects it to remain at 7.1 per cent.
Other noteworthy data includes NAB’s Business Confidence on Tuesday, Westpac’s Consumer Confidence Index on Wednesday and Consumer Inflation Expectations on Thursday.
The following companies are in trading halts and are expected to exit in the next two trading days:
Gold: $US1,798.95 ($2,587.16) (-0.28%)
Silver: $US18.71 (+0.23%)
Oil (WTI): $US40.55 (+2.35%)
Oil (Brent): $US43.24 (+2.10%)
Coal: $US53.98 (-0.63%)
Iron 62pc Fe: $US105.59 (+0.94%)
AUD/USD: $US0.6954 (+0.06%)
Bitcoin: $US9,238.52 (+0.05%)
— Stockhead (@StockheadAU) July 8, 2020
On Wednesday, a handful of producers, including West African Resources (ASX:WAF) and Kirkland Lake Gold (ASX:KLA) all reported strong production figures. Our readers’ enjoyed Bevis Yeo’s recap of the top producers.
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.