On * today, the driving forces behind Australia’s...

On * today, the driving forces behind Australia’s red-hot IPO market, the massive upside in drug delivery tech and BNPL leaders Afterpay and Zip sink as PayPal circles.

But first…

The day ahead

Today at 11.30am, second-quarter GDP figures will be released and are almost certain to confirm Australia is in its first recession in three decades. Economists surveyed last week expect a 6 per cent drop.

The following companies are in trading halts and are expected out in the next two trading days:

Wednesday:

Corum Group (ASX:COO) – capital raising
Challenger Exploration (ASX:CEL) – assay results
Technology Metals (ASX:TMT) – tenure update
Taruga Minerals (ASX:TAR) – capital raising
Toro Energy (ASX:TOE) – assay results
Jayex Healthcare (ASX:JHL) – capital raising

Thursday:

Corizon Resources (ASX:CZR) – drilling results
The Environmental Group (ASX:EGL) – capital raising
King Island Scheelite (ASX:KIS) – offtake agreement
PayGroup (ASXYG) – capital raising
Matsa Resources (ASX:MAT) – capital raising

Markets

Gold: $US1,970.85 ($2,673.06) (+0.06%)

Silver: $US28.15 ($38.18) (+0.37%)

Oil (WTI): $US42.99 (+0.89%)

Oil (Brent): $US45.82 (+1.19%)

Coal: $US53.90 (-0.19%)

Iron 62pc Fe: $US122.53 (+0.07%)

AUD/USD: $US0.7374 (-0.03%)

Bitcoin: $US12,023.27 (+2.78%)

What got you talking yesterday

Yesterday’s most popular article on Twitter was news out of AssetOwl (ASX:AO1) which reported it is still seeing hot demand for its real estate management and inspection platform.

Another popular article yesterday was Derek Rose’s recap of the ASX biotechs involved in the fight against COVID-19.

To keep up to date with * coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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.