Rise and Shine: What you need to know before the ASX opens
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This week’s key economic data is the June quarter’s inflation (or deflation as economists are predicting) figures due out on Wednesday at 11.30am.
Other notable data includes monthly building approvals and the export and import price indices due out on Thursday as well as private sector credit on Friday.
The following companies are in trading halts and are expected to exit in the next two trading days:
Peel Mining (ASX:PEX) – capital raising
Oklo Resources (ASX:OKU) – capital raising
eSense-Lab (ASX:ESE) – research agreement
AppsVillage (ASX:APV) – capital raising
Cardiex (ASX:CDX) – capital raising
Southern Hemisphere Mining (ASX:SUH) – capital raising
Prescient Therapeutics (ASX:PTX) – capital raising
ECS Botanics (ASX:ECS) – capital raising
Metalsearch (ASX:MSE) – capital raising
Triangle Energy (ASX:TEG) – arbitration proceedings results
Stone Resources (ASX:SHK) – recapitalisation & project disposal
City Chic Collective (ASX:CCX) – capital raising
Gold: $US1,900.98 ($2,679.96) (+0.78%)
Silver: $US22.74 (+0.09%)
Oil (WTI): $US41.29 (+0.54%)
Oil (Brent): $US43.34 (+0.07%)
Coal: $US53.32 (-0.56%)
Iron 62pc Fe: $US107.69 (-0.08%)
AUD/USD: $US0.7093 (-0.17%)
Bitcoin: $US9,887.16 (+1.72%)
Last week, our Zero to Hero was a hit with our readers as the column always is. This time we profiled Pro Medicus (ASX:PME), which grew from a $50m small cap stock to a $2.7bn large cap.
Radiology software stock Pro Medicus was once a small cap trading for only around 50 cents a share. Fast forward to today and it is now worth almost $25 a share — a gain of over 5,000% https://t.co/9eFswbzxaH $PME
— Stockhead (@StockheadAU) July 22, 2020
Another popular article was Bevis Yeo’s recap of the latest developments in the electric vehicle market which is seeing European adoption catching up to that of China and the US.
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.