Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Guy le Page’s big Bitcoin concern, on-the-boil oil wins March, and Bottom Picker get a very happy Afterpay birthday pressie.
The All Ordinaries index finished Thursday at 7,050 points, up 0.47 per cent from Wednesday’s close. Technology companies and miners led the way in Thursday trading.
Australian government 10-year bonds were yielding 1.79 per cent Thursday, up slightly from a week ago.
Investors eyes will turn to the US this week after President Joe Biden unveiled his American Jobs Plan that focuses on nation-building assets like roads, bridges and electricity grids.
The jobs plan comes with a $US2.3 trillion ($3 trillion) price tag and is to be paid for by increased taxes, including a higher rate of corporation tax at 28 per cent up from 21 per cent.
Analysts said the spending package could put upward pressure on US 10-year bond yields as the US government will need to sell more of these, and this could affect stock prices.
The following companies are in trading halts and are expected to exit over the next two trading days:
Environmental Clean Technologies (ASX:ECT) – capital raising
Think Childcare (ASX:TNK) – acquisition proposal
Silver City Minerals (ASX:SCI) – capital raising
The GO2 People (ASX:GO2) – acquisition
Los Cerros (ASX:LCL) – assay results
Gold: $US1,728.25 ($2,257.68) (-0.03%)
Silver: $US24.88 ($32.51) (-0.38%)
Oil (WTI): $US58.65 (-4.56%)
Oil (Brent): $US62.25 (-4.02%)
Coal: $US92.60 (+1.37%)
Iron 62pc Fe: $US163.89 (+0.13%)
AUD/USD: $US0.7647 (+0.54%)
Bitcoin: $US58,740.55 (+1.17%)
Stockhead readers liked Derek Rose’s story on non-fungible tokens (NFT), a new addition to the crypto world and how they are making small fortunes for their creators.
There is also Reuben Adams’ story on why automotive demand for platinum group metals is not going to go away any time soon, and this got readers talking too.
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.
|ROG||Red Sky Energy||1.4||56||1393889895|
|MRD||Mount Ridley Mines||0.5||43||102120836|
|G88||Golden Mile Res||11.5||39||16061868|
|VPR||Volt Power Group||0.4||33||4203000|
|TMK||Tamaska Oil Gas||1.1||22||2163636|
|APG||Austpac Resources NL||0.002||-33||508000|
|KP2||Kore Potash PLC||0.034||-13||13896397|