Rise and Shine: What you need to know before the ASX opens
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It’s all about the RBA, which will make its monthly rates announcement at 2:30pm.
While no major changes are expected to the bank’s policy settings or outlook, the board meeting follows a surprise re-up in the bond market yesterday when it increased its daily bond purchases from around $2bn to $4bn.
In IPO news, additive manufacturer 3D Metalforge (ASX:3MF) is scheduled to list today at 12pm (AEDT).
The following companies are in trading halts and are expected to exit over the next two trading days:
Australian Potash (ASX:APC) – debt funding
Australian Strategic Materials (ASX:ASM) – scoping study
EMVision Medical Devices (ASX:EMV) – funding application
Mesoblast (ASX:MSB) – capital raising
Anax Metals (ASX:ANX) – capital raising
AppsVillage (ASX:APV) – capital raising
Neurotech (ASX:NTI) – financing
4D Medical (ASX:4DX) – grant application
Palla Pharma (ASX:PAL) – capital raising
K-TIG (ASX:KTG) – sovereign capability grant
Bellevue Gold (ASX:BGL) – auditor issue
Ionic Rare Earths (ASX:IXR) – Mineral Resource Estimate
Indiana Resources (ASX:IDA) – drilling program results
Australian Rural Capital (ASX:ARC) – capital raising
Hawkstone Mining (ASX:HWK) – metallurgical test work results
Gold: $US1,721.71 ($2,215.81) (-0.69%)
Silver: $US26.49 ($33.99) (-0.47%)
Oil (WTI): $US60.21 (-2.10%)
Oil (Brent): $US63.25 (-1.82%)
Coal: $US82.75 (+2.16%)
Iron 62pc Fe: $US171.74 (+3.70%)
AUD/USD: $US0.7770 (+0.85%)
Bitcoin: $US48,700.01 (+8.63%)
This analysis from Reuben Adams about why booming battery metals prices might create a negative feedback loop.
And also the propadee market, because house prices are climbing at the fastest pace in 17 years.
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.