Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, where are Australia’s mining legends now, housing bears look set for a long hibernation, and the clean techs rising on the environmental intelligence radar.
Today, the Monday after Thanksgiving, is Cyber Monday. It began as a Black Friday for online retailers but now it is essentially a continuation of Black Friday with both online and physical retailers pushing promotions for four days.
This week’s most watched economic data will be GDP figures at 11.30am on Wednesday, which will tell if Australia’s recession ended in the September quarter.
Other events this week include the Reserve Bank’s board meeting on Tuesday and our trade balance on Thursday.
The following companies are in trading halts and are expected out in the next two trading days:
Surefire Resources (ASX:SRN) – drilling results
PNX Metals (ASX:PNX) – capital raising
FYI Resources (ASX:FYI) – capital raising
Cirralto (ASX:CRO) – Visa agreement and capital raising
Chesser Resources (ASX:CHZ) – capital raising
Raiden Resources (ASX:RDN) – project update
Gold: $US1,786.60 ($2,418.13) (-1.32%)
Silver: $US22.58 ($30.56) (-3.71%)
Oil (WTI): $US45.53 (-0.39%)
Oil (Brent): $US48.18 (+0.80%)
Coal: $US68.75 (-1.11%)
Iron 62pc Fe: $US124.25 (+0.50%)
AUD/USD: $US0.7385 (-0.03%)
Bitcoin: $US18,054.75 (+1.21%)
Last week’s most popular story on Twitter was news of the latest gold producer on the ASX. Firefinch Limited (ASX:FFX), formerly Mali Lithium, last week made the first pour from its Morila gold mine in Mali.
— Stockhead (@StockheadAU) November 26, 2020
Other popular articles last week included Mike Cooper’s recap of the debate around potential EV taxes in some Australian states as well as an update to our infant formula guide.
Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.