Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the ASX thermal coals plays hit by Japan’s carbon-neutral pledge, real estate stocks fight back after Covid, and how did our bottom-picking day trader go in a torrid week?
This week in economic data is particularly busy. Today, look out for AIG’s manufacturing PMI, monthly building and home loan approvals and ANZ Job Advertisements.
On Tuesday, Melbourne Cup Day, the RBA will hold its monthly meeting where it could cut interest rates further.
On Wednesday, look out for monthly and quarterly retail sales figures and on Thursday Australia’s trade balance.
The following companies are in trading halts and are expected to exit in the next couple of trading days:
CML Group (ASX:CGR) – capital raising
Meteoric Resources (ASX:MEI) – assay results
Challenger Exploration (ASX:CEL) – assay results
Marvel Gold (ASX:MVL) – capital raising
Imricor Medical Systems (ASX:IMR) – capital raising
Healthia (ASX:HLA) – acquisition and capital raising
Chase Mining (ASX:CML) – strategic investment
Telix Pharmaceuticals (ASX:TLX) – strategic investment
Triangle Energy (ASX:TEG) – impact of BP ceasing fuel production at Kwinana
Isentia (ASX:ISD) – cyber security incident update
iCollege (ASX:ICT) – capital raising
Pearl Global (ASX:PG1) – capital raising
Stavely Minerals (ASX:SVY) – exploration results
Gold: $US1,871.25 ($2,664.23) (+0.22%)
Silver: $US23.49 ($33.44) (+0.90%)
Oil (WTI): $US35.79 (-1.05%)
Oil (Brent): $US37.45 (-0.53%)
Coal: $US59.17 (+0.41%)
Iron 62pc Fe: $US120.19 (-0.07%)
AUD/USD: $US0.7023 (-0.07%)
Bitcoin: $US13,813.68 (+0.16%)
Last week on Twitter, the most popular story was Thursday’s news that Pilbara Minerals (ASX:PLS) would acquire Altura Mining’s (ASX:AJM) lithium operation in WA for $US175m ($247.8m). If the deal proceeds, Pilbara will the the ASX’s largest pure play lithium stock.
Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m). https://t.co/4yvcinTOAR #ASX #lithium #ausbiz $AJM $PLS pic.twitter.com/9fuEEFjp6Y
— Stockhead (@StockheadAU) October 29, 2020
Another popular article, which you may have missed on Friday afternoon, was news our Kiwi cousins had rejected legalising recreational marijuana.
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.