Rise and Shine: What you need to know before the ASX opens

On Stockhead today, will legal Kiwi weed boost Aussie pot stocks, potash and mineral sands win Diggers and Dealers, and Megado’s Ethiopian gold set to light up the ASX.

But first…

The day ahead

Key data will be led by the monthly jobs report for September, where Westpac expects unemployment to rise back above seven per cent.

There’s also a speech from RBA governor Philip Lowe called “The Recovery from a Very Uneven Recession”.

The following companies are in trading halts and are expected to exit in the next couple of days:

Thursday:

Boadicea Resources (ASX:BOA) – shareholder approval of Fraser Range Assets
Pursuit Minerals (ASX:PUR) – capital raising
Cokal (ASX:CKA) – financing commitment
Actinogen Medical (ASX:ACW) – capital raising
New Energy Minerals (ASX:NXE) – project acquisition
Pan Asia Metals (ASX:PAM) – transaction
Rewardle Holdings (ASX:RXH) – price query

Friday:
WhiteHawk (ASX:WHK) – legal orders
Pureprofile (ASX:PPL) – capital raising and debt restructure
Medical Developments International (ASX:MVP) – personnel changes
Recce Pharmaceuticals (ASX:RCE) – human ethics research approval

Markets

Gold: $US1,900.70 ($2,653.57) (+0.52%)

Silver: $US24.24 ($33.84) (+0.29%)

Oil (WTI): $US41.03 (+2.06%)

Oil (Brent): $US43.31 (+2.03%)

Coal: $US54.00 (-3.43%)

Iron 62pc Fe: $US122.43 (-0.67%)

AUD/USD: $US0.7163 (+0.03%)

Bitcoin: $US11,375.53 (-0.28%)

What got you talking yesterday

Yesterday’s biggest story was Sam Jacobs’ chat with VFS investment manager James Whelan. The pair discussed what investors should look for as the US election looms, particularly from a fiscal policy perspective.

Always good to talk markets with @jameswhelan42, investment manager at @VFSgroup. Some good insights on policy (fiscal/monetary) and the #ASX: https://t.co/aMm9QKrrzC

— Stockhead (@StockheadAU) October 13, 2020

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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.

Yesterday’s winners

Note: Stocks in yellow made market-moving announcements yesterday

Yesterday’s losers