Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, Bitcoin is ‘digital gold’ on the threshold of a new bull market, Stockhead’s new video conference series on Cybersecurity – Evolving Threats and Emerging Opportunities, and Hot Money Monday: The most in-demand stocks on the ASX right now.

But first…

The week ahead

Key events in Australia will kick off on Tuesday when the RBA relseases the minutes from its July meeting. That will be followed by a speech from RBA governor Phil Lowe called “COVID 19, the Labour Market and Public-sector Balance Sheets”.

Then on Thursday, all eyes will be on the Federal Government when it provides its first update on the economic the economic and fiscal outlook since the pandemic began.

The Westpac economics team says it expects the government to announce an additional $50bn in stimulus support measures, with $24bn allocated to the JobKeeper payments program.

The following companies are in trading halts and are expected to exit in the next two trading days:

Monday:

Genetic Technologies (ASX:GTG) – ASX price query
Metgasco (ASX:MEL) – capital raising
Resolution Mining (ASX:RML) – capital raising
HeraMED (ASX:HMD) – collaboration agreement
S2 Resources (ASX:S2R) – capital raising
Jameson Resources (ASX:JAL) – capital raising
Azure Minerals (ASX:AZS) – capital raising
BWX (ASX:BWX) – capital raising

Tuesday:

Canterbury Resources (ASX:CBY) – capital raising
Eagle Mountain Mining (ASX:EM2) – capital raising
Aurora Minerals (ASX:ARM) – project acquisition
Equus Mining (ASX:EQE) – capital raising
Sportshero (ASX:SHO) – funding facility

Markets

Gold: $US1,809.70 ($2,590.10) (+0.73%)

Silver: $US19.31 (+0.73%)

Oil (WTI): $US40.59 (-0.39%)

Oil (Brent): $US43.14 (-0.53%)

Coal: $US54.27 (-0.37%)

Iron 62pc Fe: $US107.22 (+0.02%)

AUD/USD: $US0.6986 (-0.14%)

Bitcoin: $US9,169.36 (-0.08%)

What got you talking last week

Readers took an interest in our interview with Oracle Investments fund manager Luke Winchester, who outlined which stocks and sectors are set to outperform in a post-COVID world.

The ASX-listed gold rush also stayed topical, while Red Leaf Securities CEO John Athanasiou highlighted three tech stocks that may be trading under the investor radar.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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.

Last week’s winners

Last week’s losers

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