Key News Overnight:
Stocks strengthened worldwide as strong manufacturing data out of the world’s second largest economy helped allay investor concern about a slowdown in global growth;
The U.K.’s deadlocked Parliament failed to agree on a new blueprint for Brexit, rejecting all the options that were put forward to replace Theresa May’s unpopular deal. The House of Commons voted on four different policy but none won a majority;
The first official glimpse of Saudi Aramco’s financial performance, after it debuted on the international bond market, confirms the state-run oil giant is the most profitable company on Earth: net income last year was $111.1 billion;
The global iron ore market was just given another hint at how tight supplies are likely to get this year in the wake of Vale SA’s Brazil dam disaster. Iron ore exports from the South American country plunged by more than a quarter in March;
Gold futures declined as global growth concerns eased after China’s first official economic gauge for March pointed to stabilization and a U.S. factory measure topped estimates;
In This Issue:
OPEC’s Oil Production Drops to the lowest level since 2015 | Michael Eidne
Households not spending despite tight labour market | Ian Christie
Fortescue Metals (FMG) | Iron Bridge Reserve and move to Stage 2 | HOLD | Analyst | James Wilson
Genesis Minerals (GMD) | Ulysses drill results | Spec Buy | Analyst | James Wilson
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