Rise and Shine: What you need to know before the ASX opens
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The All Ordinaries index finished Thursday in the green, just, with the broad market index up a mere 5.7 points at 6,952.
The Australian government’s $1.2bn subsidy to fund the domestic tourism sector, allowing airlines to offer 800,000 cheap flights, may have provided a boost.
The broad index of Australian shares has hugged the 7,000 points level since early December and is waiting for a breakout like its American cousins.
Speaking of which, the Dow Jones Industrial Average nudged to a new record of 32,297 points overnight, marking a rise of 1.5 per cent from Wednesday.
The Nasdaq index for tech stocks like Tesla was marginally in the red Wednesday at 13,068, down 5 points on day.
US 10-year Treasury bond yields were steady at 1.5 per cent in Thursday trade before US markets opened.
The following companies are in trading halts and are expected to exit over the next two trading days:
MetalsTech (ASX:MTC) – spin out of assets
Credit Intelligence (ASX:CI1) – capital raising
Xstate Resources (ASX:XST) – drilling update
Sacgasco (ASX:SGC) – drilling update
Accent Resources (ASX:ACS) – ASX query
Theta Gold Mines (ASX:TGM) – capital raising
EQ Resources (ASX:EQR) – capital raising
ECS Botanics (ASX:ECS) – capital raising
Vortiv (ASX:VOR) – capital return
Gold: $US1,722.82 ($2,210.91) (-0.19%)
Silver: $US26.12 ($33.52) (-0.18%)
Oil (WTI): $US66.09 (+2.56%)
Oil (Brent): $US69.71 (+2.67%)
Coal: $US83.75 (+1.60%)
Iron 62pc Fe: $US171.28 (+1.69%)
AUD/USD: $US0.7790 (+0.73%)
Bitcoin: $US57,217.65 (+1.67%)
Stockhead readers were eager to learn more about the direction of cryptocurrencies as the sector’s king moved closer to $US60,000 while other coins went backwards.
And, iron ore’s unrelenting supply tightness is drawing new producers to the market including several new entrants in the past months like Fenix Resources and GWR Group.
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.