Rise and Shine: What you need to know before the ASX opens
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The biggest event today will be the US elections for the presidency as well as US Congress. Results will start flowing through across the afternoon with the first polls closing at 10am (AEDT).
The race will really heat up from 11am and 11.30am as polls close in the first critical states including Florida, Ohio and Pennsylvania. In 2016, we had a fair idea of what was about to happen by 5pm, but the huge number of postal votes this time around could delay the final result by days or even weeks.
Potentially market moving economic data in Australia today includes monthly and quarterly retail sales figures and AIG’s Construction Index.
The following companies are in trading halts and are expected to exit in the next couple of trading days:
Marmota (ASX:MEU) – drilling results
Rumble Resources (ASX:RTR) – exploration results
Australian Potash (ASX:APC) – capital raising
SportsHero (ASX:SHO) – capital raising
Australian Pacific Coal (ASX:APQ) – modification 7 application update
Micro-X (ASX:MX1) – funding award
Iron Road (ASX:IRD) – capital raising
Incannex Healthcare (ASX:IHL) – ARDS animal trial results
Recce Pharmaceuticals (ASX:RCE) – anti-viral testing results
Ionic Rare Earths (ASX:IXR) – drilling results
Santana Minerals (ASX:SMI) – capital raising
Gold: $US1,907.05 ($2,670.56) (+0.63%)
Silver: $US24.12 ($33.78) (+0.32%)
Oil (WTI): $US37.76 (+2.58%)
Oil (Brent): $US39.78 (+2.08%)
Coal: $US61.55 (+0.57%)
Iron 62pc Fe: $US116.47 (-1.04%)
AUD/USD: $US0.7141 (+1.22%)
Bitcoin: $US13,751.54 (+1.15%)
This week it’s been all about the US election and what it might mean for markets. On Twitter it was about how an election result (or the lack of one) could have an impact on gold prices.
Gold’s price moved closer to $US1,900 per ounce in Tuesday trade as the US presidential election cast a long shadow over the market and its near-term direction. https://t.co/QyyaJTy2Yp #ASX #gold #ausbiz $CHN $M2R $RNU $SHH $VIC pic.twitter.com/rO7Vwt5cut
— Stockhead (@StockheadAU) November 3, 2020
Another popular article was from Sam Jacobs’ who wrote about how UBS think the Senate race could be just as critical as the presidency and why.
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.