Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the return-to-work stocks primed for when the JobKeeper taps are turned off, why cannabis M&A activity in Australia is only just getting started, and three tips on investing from an eToro stocks maestro.
The All Ordinaries index closed Thursday down 44 points at 7,003 led lower by the banking and mining sectors.
The broad index of Australian shares is still off from its mid-February peak of 7,190 points.
Australian government 10-year bonds were yielding 1.79 per cent Thursday, their highest for two years and acted as a drag on stock market performance.
Traders were talking about the US Federal Reserve’s hint-dropping that interest rates in the US will stay at their near zero level for another two years.
The US central bank is predicting that the US economy will grow by 6.5 per cent this year and by 3.3 per cent next.
The following companies are in trading halts and are expected to exit over the next two trading days:
Spacetalk (ASX:SPA) – customer contract
Galan Lithium (ASX:GLN) – laboratory test results
HGL (ASX:HNG) – capital raising
Pure Hydrogen (ASX:PH2) – capital raising
Great Northern Minerals (ASX:GNM) – capital raising
Manhattan Corporation (ASX:MHC) – capital raising
Queensland Pacific Metals (ASX:QPM) – capital raising
Euro Manganese (ASX:EMN)spirit – capital raising
Gold: $US1,734.42 ($2,234.93) (-0.57%)
Silver: $US26.00 ($33.50) (-1.27%)
Oil (WTI): $US60.04 (-7.06%)
Oil (Brent): $US63.29 (-6.93%)
Coal: $US88.00 (+1.18%)
Iron 62pc Fe: $US168.21 (-0.03%)
AUD/USD: $US0.7761 (-0.43%)
Bitcoin: $US57,897.61 (+0.35%)
Stockhead readers were intrigued by Nick Sundich’s article on how medicinal cannabis products can help patients to recover from the lingering aspects of COVID-19.
Readers also enjoyed reading about the latest price movements in gold and silver and the role played in the precious metals markets by bond yields and economic stimulus packages.
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.