Key News Overnight:
U.S. stocks were mixed as investors assessed earnings from some of the world’s largest companies amid concerns over U.S-China trade talks. Treasury yields and the dollar fell before the Federal Reserve’s rate decision.
President Donald Trump sought to pressure the Federal Reserve into drastic moves to boost an already- healthy U.S. economy, calling for a steep interest-rate cut and the resumption of bond purchases as the central bank met to weigh monetary policy.
Sibanye Gold Ltd. said all but 300 of the 1,800 workers trapped at an underground platinum mine in South Africa have been rescued. Efforts are still under way to hoist up those remaining after an accident had blocked a shaft used to transport miners.
Anadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Occidental Petroleum topped Chevron’s $33B bid by roughly 20% late last week.
Aluminium posted a fourth straight decline after two major producers forecast weaker demand for the metal this year, adding to a growing list of industrial suppliers trimming their outlooks amid global-growth concerns.
In This Issue:
Otto Energy (OEL) | Mustang Well Commences Drilling | BUY | Analyst | Michael Eidne
Paringa Resources (PNL) | Paringa Closes US$56m Debt | BUY | Analyst | Matthew Keane
Botanix Pharmaceuticals (BOT) | Quarterly Report 31 March 2019 | SPEC BUY | Analyst | Michael Eidne
Metals X (MLX) | Nifty Reset Plan | Not covered | No rating
Independence Group (IGO), Regis Resources (RRL), Western Areas (WSA), Dacian Gold (DCN)