Rise and Shine: What you need to know before the ASX opens
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After a packed schedule of economic updates and central bank announcements to start the month last week, this week’s schedule is a bit quieter.
Australia will get its dual monthly report card in the form of NAB’s business survey (Tuesday) and Westpac’s consumer confidence survey (Wednesday).
RBA governor Philip Lowe will also give a speech at 9am (EST) on Wednesday called ‘The Recovery, Investment and Monetary Policy’.
Then on Wednesday night the US will present inflation data for February, where Westpac says the impact of low base effects will see an “abrupt rise in annual growth”.
The following companies are in trading halts and are expected to exit over the next two trading days:
Gold: $US1,700.91 ($2,211.24) (+0.22%)
Silver: $US25.24 ($32.81) (-0.25%)
Oil (WTI): $US66.26 (+3.81%)
Oil (Brent): $US69.53 (+4.18%)
Coal: $US81.50 (-0.37%)
Iron 62pc Fe: $US173.12 (-1.04%)
AUD/USD: $US0.7690 (+0.17%)
Bitcoin: $US49,958.60 (+2.74%)
Stockhead readers like to think outside the square, which means they took an immediate interest in why the metal in car exhausts is more valuable than gold and how to rack up 200,000 Frequent Flyer points in the middle of a global pandemic.
And on the stocks front, we dialled in on data services. The sector is led by Dicker Data (ASX:DDR), which now generates more than $2bn in annual revenue.
DDR shares have risen almost 6,000% since the company’s 2011 IPO, and there are a number of other ASX players looking to capitalise on the industry’s growth. Eddy Sunarto’s sector wrap is here.
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.