Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, we check out what’s happening with fintechs and analysts’ predictions, Barry FitzGerald is fireside with Musgrave Minerals boss Robert Waugh, and is hydrogen vital to the energy revolution or just a pipedream?
As a consumption-led slowdown continues to put the brakes on the Australian economy, markets will get an update on sentiment among Aussie households this morning with the release of Westpac’s monthly consumer confidence index.
Looking abroad there’s Chinese inflation data for June during Asian trade, then key events overnight will be led by the release of the minutes from the US Fed’s June meeting. US Fed Chair Jerome Powell will also make his bi-annual testimony to Congress.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
UUV Aquabotix (ASX:UUV) – capital raising
Koppar Resources (ASX:KRX) – acquisition
Dacian Gold (ASX:DCN) – FY guidance and updated life of mine plan
Digital Wine Ventures (ASX:DW8) – logistics partnership
Elixir Energy (ASX:EXR) – government project approval
Gold: $US1,396.47 ($2,015.62) +0.82%
Silver: $US15.10 -0.07%
Oil (Brent): $US64.53 +0.66%
Oil (WTI): $US58.47 +1.4%
Iron ore 62pc fe: $US122.60 +4.1%
AUD/USD: $US0.6929 -0.62%
For those who like a bit of mining industry gossip, Mel Culley delivered the goods on Stockhead’s Facebook chat page yesterday afternoon:
“The rumour mill at BHP indicates they will be taking as much ore from the junior miners in the surrounding areas to current tenements as they can get their hands on 😉,” Culley said.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday, July 9:
— HotCopper (@HotCopper) July 9, 2019
Here are the best performing ASX small cap stocks for Tuesday, July 9:
Here are the worst performing ASX small cap stocks for Tuesday, July 9: