Rise & Shine: What you need to know before the ASX opens
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But first here’s what you need to know.
All eyes tomorrow are on the RBA’s monetary policy statement, due out shortly after lunchtime. There’s little else in terms of Australian economic data, but there are several reports from China, including consumer price index and money supply.
Baby Bunting (ASX:BBN), Tamawood (ASX:TWD) and Mayfield Childcare (ASX:MFD) are due to report earnings today, alongside REA Group (ASX:REA), the real estate group owned by News Corp.
The following companies are expected to come out of trading halts in the next 48 hours:
MEC Resources (ASX: MMR) – legal disputes
BPH Energy (ASX: BPH) – legal disputes
Red Mountain Mining (ASX:RMX) – project acquisition
Gold: $US1,499.65 ($2,209.28)
Silver: $US16.94 -1.05%
Oil (Brent): $US57.61 +2.67%
Oil (WTI): $US53.01 -1.74%
Coal: $US72.75 -0.07%
Iron ore 62pc fe: $US95.56 -2.96%
AUD/USD: $US0.6789 -0.19%
These were the five most discussed stocks among ASX investors on Tuesday August 6:
$JAT – Jatenergy
$GXY – Galaxy Resources
$LTR– Liontown Resources
$RFF – Rural Funds Group
$PLS – Pilbara Metals
No surprise Jatenergy was up there — it made an acquisition meaning it now controls its entire supply chain.
Rural Funds Group is generating chatter thanks to its response to Bonitas on the ASX yesterday — it described Bonitas as a “short activist with an acknowledged financial interest in a declining RFF security price”.
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That Rural Funds chatter sent their share price flying, which would appear to be to the dismay of Bonitas.
There you have it – all you need to know.