Rise and Shine: What you need to know before the ASX opens
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With the RBA now expected to cut rates further in 2019, markets will look at Tuesday’s minutes from this month’s board meeting for any extra clues as to the central bank’s thinking.
Also this week, RBA governor Philip Lowe will give a speech on Thursday called “The labour market & spare capacity” (11:15 AEST).
As the global rates outlook readjusts, Wednesday night’s policy decision from the US Federal Reserve will also get plenty of attention.
The Aussie dollar will start the week back below US69 cents, after the greenback strengthened following a strong US retail sales report on Friday night.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
IntelliHR Holdings (ASX: IHR) – Capital raising
Southern Gold (ASX: SAU) – Capital raising
Ramelius Resources (ASX: RMS) – Capital raising.
Prospect Resources (ASX: PSC) – Capital raising
Kore Potash (ASX: KP2) – Capital raising
Bard1 Life Sciences (ASX: BD1) – Capital raising
Xanadu Mines (ASX: XAM) – Capital raising.
Gold: $US1,341.33 ($1,951.42) -0.05%
Silver: $US14.87 -0.20%
Oil (Brent): $US62.01 +1.14%
Oil (WTI): $US52.51 +0.44%
Coal: $US73.00 -0.92%
Iron ore 62pc fe: $US104.33 -1.84%
There was plenty of chatter on Stockhead’s Facebook chat group, with members weighing in on our stories covering everything from gaming in Africa, big base metals discoveries in WA and Rachel Williamson’s piece running the numbers on what hydrogen can (and can’t) do.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday, June 14:
— HotCopper (@HotCopper) June 15, 2019
Leading the way last week were Marquee Resources (ASX:MQR) and AustChina Holdings (ASX:AUH), which both posted weekly gains of at least 100 per cent.
Marquee shares raced ahead after the company announced it was acquiring Centenario Lithium, an Argentina-based explorer.
As part of the deal MQR said it will receive commitments for a capital raising of not less than $500,000 at 10c per share from the Centenario Lithium shareholders
Three penny stocks trading below one cent lost half their value on no news.
And communications company Flexiroam (ASX: FRX), which provides data-roaming plans for mobile phone customers, has had enough — it wants to delist.
The company cited a number of factors in its decision, including low liquidity and the extra fees associated with maintaining a listed structure.