Rise & Shine: What you need to know before the ASX opens
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Friday’s session of Australia’s All Ordinaries Index finished at a whisker under 7,000 points, closing the week at 6,986.80 points, and up 4 points for the day.
Many eyes next week will be on the new US President Joe Biden as he takes his oath of office on January 20 in the federal capital, Washington DC.
Inauguration Day on Wednesday, January 20 will see a changing of the guard, as President Donald Trump leaves office and Biden assumes the US presidency, the 46th.
Singing superstars Jennifer Lopez and Lady Gaga are tipped to be attending the event in front of the US Capitol building at noon local time.
The markets will no doubt be waiting to hear what Biden has in store in terms of new policies and agendas.
(Jennifer Lopez and Lady Gaga!)
The following companies are in trading halts and are expected to exit over the next two trading days:
Shekel Brainweigh (ASX:SBW) – capital raising
Energy Technologies (ASX:EGY) – grant news
Anova Metals (ASX:AWV) – exploration results
Lindian Resources (ASX:LIN) – test work results
Gold: $US1,827.64 ($2,371.75) (-1.01%)
Silver: $US24.74 ($32.11) (-3.11%)
Oil (WTI): $US52.04 (-2.86%)
Oil (Brent): $US54.81 (-2.84%)
Coal: $US88.00 (-0.85%)
Iron 62pc Fe: $US169.97 (+0.10%)
AUD/USD: $US0.7705 (+0.05%)
Bitcoin: $US35,575.47 (-2.39%)
Readers were poring over legendary ASX stocks investor Tolga Kumova’s top picks for 2021 and quite a few of those mentioned in the article did well in Friday ASX trade.
Another famous Australian stock investor, Wilson Asset Management’s eponymous Geoff Wilson also gave his selection of top stocks for the year.
Meanwhile, Brazilian iron ore company Vale suffered another setback in the week when a ship-loader at one of its ports was damaged in a fire.
The impact of the blaze started to show up in prices for the in-demand commodity with prices rising to $US171.50 per tonne.
Vale has been struggling to increase its production to keep up with red-hot demand from China for iron ore cargoes.
Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.