Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Oracle picks some ‘hidden COVID-19 winners’, ASX semiconductor stocks say their markets are primed to explode, and ASIC’s BNPL report passes muster without a whimper.
Today’s potentially market moving economic data is headlined by Australia’s quarterly Wage Price Index, which measures wage growth and is due out at 11.30am.
Also look out for monthly home sales and the Westpac/Melbourne Institute Leading Index as well as a speech by RBA Governor Phillip Lowe to The Australian’s Strategic Forum.
The following companies are in trading halts and are expected to exit in the next two trading days:
Primewest (ASX:PWG) – Vitalharvest acquisition response
Vitalharvest (ASX:VTH) – acquisition proposal update
Estrella Resources (ASX:ESR) – exploration update
Southern Cross Electrical Engineering (ASX:SXE) – acquisition
88 Energy (ASX:88E) – capital raising
E2 Metals (ASX:E2M) – capital raising
Integrated Payment Technologies (ASX:IP1) – merger transaction
Gold: $US1,886.43 ($2,582.71) (-0.11%)
Silver: $US24.55 ($33.61) (-0.81%)
Oil (WTI): $US41.44 (+0.27%)
Oil (Brent): $US43.88 (+0.14%)
Coal: $US63.25 (+0.75%)
Iron 62pc Fe: $US122.00 (+0.64%)
AUD/USD: $US0.7306 (-0.19%)
Bitcoin: $US17,666.15 (+5.03%)
Yesterday’s most popular story on Twitter was the latest prediction that lithium stocks are due for a re-rate.
But this time it was by one of Australia’s most prominent fund managers – Ausbil Investment Management – making the call.
— Stockhead (@StockheadAU) November 17, 2020
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.