Rise and Shine: What you need to know before the ASX opens
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On Stockhead today — Money Talks: 3 biotechs chasing the dream; House prices in Aussie cities are diverging; and here’s how Australia offers a strong operating environment for cannabis biotech stocks.
The RBA will be in focus domestically, with the central bank scheduled to make its quarterly Statement on Monetary Policy.
This will include an updated set of forecasts on key economic variables including GDP, inflation and employment.
That will be followed by all-important US jobs data later tonight.
“A further gain in employment is anticipated in July, though the stalling of the downtrend in initial claims highlights that job creation from here will be much more muted,” Westpac said.
The following companies are in trading halts and are expected to exit in the next couple of trading days:
Ragnar Metals (ASX:RAG) – proposed transaction
MGC Pharmaceuticals (ASX:MXC) – pre-clinical test results
Pantoro (ASX:PNR) – capital raising
Great Western Exploration (ASX:GTE) – capital raising
Global Oil and GAS (ASX:GLV) – capital raising
Nanoveu (ASX:NVU) – capital raising
Alicanto Minerals (ASX:AQI) – capital raising
Droneshield (ASX:DRO) – capital raising
Orion Minerals (ASX:ORN) – capital raising
Malachite Resources (ASX:MAR) – capital raising
XTEK (ASX:XTE) – capital raising
Genex Power (ASX:GNX) – capital raising
Xanadu Mines (ASX:XAM) – capital raising
Farm Pride Foods (ASX:FRM) – influenza outbreak response
Caeneus Minerals (ASX:CAD) – license applications
Gold: $US2,062.85 ($2,850.86) (+1.28%)
Silver: $US28.86 ($39.88) (+7.29%)
Oil (WTI): $US41.95 (-0.57%)
Oil (Brent): $US45.09 (-0.18%)
Coal: $US55.50 (-1.68%)
Iron 62pc Fe: $US116.27 (+0.62%)
AUD/USD: $US0.7236 (+0.61%)
Bitcoin: $US11,853.75 (+1.69%)
Readers took an interest in our latest look at the battery metals sector, as lithium stocks come back into focus with electric vehicle manufactures such as Elon Musk’s Tesla climbing to new record highs.
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.