Rise and Shine: What you need to know before the ASX opens
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This week’s potentially market moving economic data is headline by jobs statistics due on Thursday at 11.30am – including the headline unemployment rate.
Other data includes NAB’s Business Confidence survey on Tuesday as well as Westpac Consumer Sentiment and HIA’s New Home Sales both on Wednesday.
The following companies are in trading halts and are expected to exit in the next couple of trading days:
Azure Minerals (ASX:AZS) – exploration update
Castle Minerals (ASX:CDT) – capital raising
Manhattan Corporation (ASX:MHC) – drilling results
Element25 (ASX:E25) – capital raising
AD1 Holdings (ASX:AD1) – capital raising
Gold: $US1,928.85 ($2,671.81) (+1.89%)
Silver: $US24.98 ($34.60) (+4.86%)
Oil (WTI): $US40.60 (-1.43%)
Oil (Brent): $US42.79 (-1.27%)
Coal: $US58.50 (-1.52%)
Iron 62pc Fe: $US123.49 (+0.84%)
AUD/USD: $US0.7218 (-0.30%)
Bitcoin: $US11,342.32 (-0.04%)
Last week’s most popular story on Twitter was Mike Cooper’s article on how copper prices are rebounding and are set to keep growing into 2020 as well as copper stocks that could benefit.
Copper prices are showing renewed strength on China’s economic rebound as new streams of demand arise for the industrial metal, the latest being for solar panels. https://t.co/yYXKtvc88R #ASX #copper $ARE $BHP $ENR $RCP pic.twitter.com/K40lhlDnvJ
— Stockhead (@StockheadAU) October 8, 2020
Another popular article last week was a recap of the best performing eSports stocks. The broader sector has seen a 50 million rise in frequent viewers in just two years and three ASX stocks in particular have more than doubled in 2020.
Also, be sure to check in at 10.15am each day for our daily 10 at 10 column — a summary of the top winners & losers at the ASX opening using live data.