Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, investors are chasing ASX silver stocks as the price takes off, $7bn fintech TransferWise says there’s an “outsized” opportunity in the Australian market and want to measure your stock’s ESG impact? There’s an app for that.
Economic data this week is heavily front ended. Today look out for CoreLogic’s house pricing data and the Commonwealth Bank’s Performance Manufacturing Index.
Tomorrow we’ll see the release of trade data and the Reserve Bank holds its monthly board meeting. On Wednesday expect investor and owner-occupier home loan values and then on Friday will see the release of AiG’s performance of Services Index.
The following companies are in trading halts and are expected to exit in the next two trading days:
Roto-Gro (ASX:RGI) – funding agreement
Heron Resources (ASX:HRR) – mine strategy update
Aus Tin Mining (ASX:ANW) – capital raising & acquisition
Syntonic (ASX:SYT) – potential divestment
Red Sky Energy (ASX:ROG) – capital raising
Jadar Resources (ASX:JDR) – acquisition
Indiana Resources (ASX:IDA) – acquisition
Gold: $US1,974.70 ($2,769.34) (+0.78%)
Silver: $US24.34 (+3.40%)
Oil (WTI): $US40.27 (+0.88%)
Oil (Brent): $US43.30 (+0.84%)
Coal: $US53.07 (+0.70%)
Iron 62pc Fe: $US108.90 (+0.79%)
AUD/USD: $US0.7132 (-0.15%)
Bitcoin: $US11,108.57 (-4.82%)
Last week’s most popular story on Twitter involved news out of one of the ASX’s few Africa-focused gas stocks, Kinetiko Energy (ASX:KKO). The company’s independent certifiers upgraded its contingent gas resource by 227 per cent.
— Stockhead (@StockheadAU) July 29, 2020
Another popular story was our latest edition of Money Talks where we look at the sectors and companies investors are focused on right now. Last week’s interviewee was RaaS Group’s managing director Finola Burke.
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.