Rise and Shine: What you need to know before the ASX opens
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All eyes will be on the Mid-Year Economic and Fiscal Outlook which Treasurer Josh Frydenberg is expected to deliver later this week.
October budget estimates were for a fiscal deficit of $214bn for the federal government in the 2020-2021 financial year. These are likely to be updated in the light of recent stronger growth for the Australian economy.
The following companies are in trading halts and are expected to exit in the next two days:
Retail Food Group (ASX:RFG) – ACCC accusations response
Pacific Nickel Mines (ASX:PNM) – legal proceedings response
Real Energy Corporation (ASX:RLE) – court hearing
Okapi Resources (ASX:OKR) – capital raising
GWR Group (ASX:GWR) – offtake agreement
Lithium Power (ASX:LPI) – capital raising
Hillgrove Resources (ASX:HGO) – capital raising
Evolve Education Group (ASX:EVO) – share consolidation
AuMake (ASX:AUK) – capital raising
Cycliq (ASX:CYQ) – capital raising & acquisition
Talga Group (ASX:TLG) – capital raising
Superior Resources (ASX:SPQ) – capital raising
Knosys (ASX:KNO) – capital raising
Comms Group (ASX:CCG) – capital raising
Pushpay (ASX:PPH) – bookbuild process
THC Global (ASC:THC) – capital raising
Catalyst Metals (ASX:CYL) – capital raising & project acquisition
Mesoblast (ASX:MSB) – corporate update
Energy Technology (ASX:EGY) – capital raising
Tigers Realm Coal (ASX:TIG) – capital raising
WPP (ASX:WPP) – acquisition proposal update
Gold: $US1,861.78 ($2,451.08) (+0.44%)
Silver: $US25.18 ($32.42) (+2.84%)
Oil (WTI): $US47.76 (+0.31%)
Oil (Brent): $US51.02 (+0.51%)
Coal: $US83.50 (0.00%)
Iron 62pc Fe: $US150.75 (+0.29%)
AUD/USD: $US0.7565 (+0.08%)
Bitcoin: $US20,797.84 (+6.58%)
Yesterday’s most popular article was on the prospects for ASX cannabis stocks in an increasingly liberal market environment for the sector.
Mark Bernberg – cannabis investor and CEO of news and research site The Green Fund gave his insights to Stockhead on where cannabis stocks can go from here on.
Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.