Rise and Shine: What you need to know before the ASX opens
Link copied to
Local markets will digest a busy calendar of data this week to kick off the new month.
The headline event will be the RBA’s monthly policy meeting on Tuesday, where analysts will be watching closely for any changes to the bank’s outlook in the wake of the US Fed’s big announcement on Thursday night.
Elsewhere, preliminary data will start flowing through on Monday and Tuesday before the release of Q2 GDP figures on Wednesday (the data will show a “historic fall” Westpac says, but markets already know that).
There’s also monthly house price data from CoreLogic on the schedule this morning, trade balance figures on Thursday and July retail sales data on Friday.
Looking abroad, monthly US employment figures for August will headline the international data calendar on Friday night.
The following companies are in trading halts and are expected in the next two trading days:
RBR Group (ASX:RBR) – Mozambique program update
Huon Aquaculture (ASX:HUO) – capital raising
PS&C (ASX:PSZ) – asset sale
Great Northern Minerals (ASX:GNM) – capital raising
Emerald Clinics (ASX:EMD) – capital raising
Thomson Resources (ASX:TMZ) – capital raising
Peako (ASX:PKO) – capital raising
Intiger Group (ASX:IAM) – price query
Golden Mile Resources (ASX:G88) – capital raising
Orocobre (ASX:ORE) – capital raising
Cannindah Resources (ASX:CAE) – acquisition
Gold: $US1,964.49 ($2,667.52) (+1.84%)
Silver: $US27.49 ($37.33) (+0.37%)
Oil (WTI): $US42.97 (-0.19%)
Oil (Brent): $US45.05 (-0.09%)
Coal: $US53.33 (+0.95%)
Iron 62pc Fe: $US122.45 (+0.05%)
AUD/USD: $US0.7360 (-0.07%)
Bitcoin: $US11,641.20 (+0.98%)
Readers took an interest in our analysis of Tesla’s surging EV sales, and which metals the company will need to buy more of to beat demand.
‘Stockheads’ also tuned in en masse to the latest edition of The Explorers podcast with Barry Fitzgerald. This week’s guest was Danakali (ASX:DNK) CEO Niels Wage, who discussed the company’s Colluli potash project in Eritrea, East Africa.
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.