Rise and Shine: What you need to know before the ASX opens
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This week will see the RBA’s first board meeting of the year. While there is little scope for them to ease interest rates further, markets always tune into their comments on the economy which will be released at 2.30pm Tuesday.
Economic data this week includes ANZ job advertisements today, building approvals on Wednesday, trade data on Thursday and retail sales data on Friday.
The following companies are in trading halts and are expected to exit over the next two trading days:
4DS Memory (ASX:4DS) – wafer manufacture update
Indiana Resources (ASX:IDA) – capital raising
MRG Metals (ASX:MRQ) – capital raising
Primewest (ASX:PWG) – capital raising
Revasum (ASX:RVS) – capital raising
Micro-X (ASX:MX1) – capital raising
Ironbark Zinc (ASX:IBG) – price query response
GME Resources (ASX:GME) – price query response
Alterra (ASX:1AG) – AGM outcome
Golden Rim Resources (ASX:GMR) – capital raising
Volpara Health Technologies (ASX:VHT) – acquisition
Eastern Iron (ASX:EFE) – capital raising
Nyrada (ASX:NYR) – collaboration agreement
Gold: $US1,847.79 ($2,423.47) (+0.40%)
Silver: $US26.99 ($35.40) (+2.35%)
Oil (WTI): $US52.15 (-0.34%)
Oil (Brent): $US55.89 (+0.65%)
Coal: $US88.77 (+0.16%)
Iron 62pc Fe: $US168.13 (-0.30%)
AUD/USD: $US0.7623 (-0.24%)
Bitcoin: $US32,639.84 (-4.80%)
The biggest talking points of last week were the battle between instos and Redditors over GameStop (NYSE:GME) stock, and a small cap explorer which shared had the same ticker on the ASX – GME Resources (ASX:GME).
But among broader sectors, it was battery metals once again thanks to news out of several companies last week – particularly on Wednesday.
Lithium companies Galan Lithium, Lake Resources and Sayona Mining were high flyers Wednesday as was battery mineral company Renascor Resources. https://t.co/Tn03ed1sWh #ASX #lithium #ausbiz $CRS $GLN $LKE $RNU $SYA pic.twitter.com/ciBCz8OkVK
— Stockhead (@StockheadAU) January 27, 2021
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.