Rise and Shine: What you need to know before the ASX opens
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But first…to markets.
It’s the first week of a new month, which means investors will have plenty of important monthly updates to chew over as the week progresses.
Key data on Monday will be led by CoreLogic’s monthly home value index, which Westpac said will show more gains but “not quite as ‘red–hot’ as March”.
On Tuesday, the RBA will make its monthly rates policy announcement. Both CBA and Westpac expect no changes to the bank’s range of supportive policy measures, with the May board meeting “to be a low key affair from a monetary policy perspective”, CBA said.
In addition, there will be plenty of attention on the RBA’s quarterly Statement on Monetary Policy (SoMP) on Friday.
The SoMP includes the central bank’s forecasts for key economic indicators, and is expected to look considerably different from the RBA’s last quarterly update, given the strength in the economy since then.
However, Westpac’s Bill Evans doesn’t expect the RBA to change its current view that rates won’t rise until “2024 at the earliest”.
Coronado Global Resources (ASX:CRN) – capital raising
Namoi Cotton (ASX:NAM) – capital raising
Harvest Technology (ASX:HTG) – capital raising
Buru Energy (ASX:BRU) – capital raising
Sacgasco (ASX:SGC) – update on flow testing
St George Mining (ASX:SGQ) – capital raising
Mainstream (ASX:MAI) – takeover update
Iron Road (ASX:IRD) – capital raising
Magnis (ASX:MNS) – operational update
PPK Group (ASX:PPK) – production capacity update
Odyssey Gold (ASX:ODY) – exploration results
Credit Intelligence (ASX:CI1) – acquisition
Amplia Therapeutics (ASX:ATX) – capital raising
Alkane Resources (ASX:ALK) – drill results
Arrow Minerals (ASX:AMD) – capital raising
Mobecom (ASX:MBM) – transaction
Gold: $US1,768.69 ($2,291.36) (-0.14%)
Silver: $US25.88 ($33.53) (-0.75%)
Oil (WTI): $US63.58 (-2.20%)
Oil (Brent): $US66.76 (-1.90%)
Coal: $US91.88 (+1.64%)
Iron 62pc Fe: $US179.63 (+0.18%)
AUD/USD: $US0.7765 (+0.31%)
Bitcoin: $US56,982.42 (-1.04%)
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