Key News Overnight:
U.S. stocks rallied to all-time highs after a trade truce with China, though the Dow finished well below the highs of the day as measures of manufacturing activity showed growth slowing in the world’s largest economy.
Hong Kong’s chief executive condemned protesters who occupied and ransacked the city’s legislative chamber on Monday in an escalation of demonstrations against the China-appointed government, prompting police to fire tear gas to clear the area.
Materials stocks in the U.S. rose, pacing the S&P 500 Index, while Canada markets were closed. Gold sank the most in a year after the U.S. and China agreed to resume negotiations.
OPEC will extend production cuts into 2020, attempting to buoy oil prices as the world’s leading exporters fret about the outlook for global demand growth and the relentless rise in output from America’s shale fields.
Copper posted the biggest drop in two weeks as further evidence of a slump in manufacturing overshadowed the trade truce reached between the world’s two top consumers of the metal.
In This Issue:
Rate cut coming? | Analyst | Ian Christie
Carnarvon Petroleum (CVN) | Roc South-1 Update | SPEC BUY | Analyst | Michael Eidne
Salt Lake Potash (SO4) | SO4 Releases the Lake Way Scoping Study with Strong Project Economics | Michael Eidne
Ausdrill (ASL) | Big year | BUY | Analyst | Ian Christie
Pacific Energy (PEA) | Guidance Upgrade | Ian Christie
June Quarter Preview and Commodity Outlook | Analysts | Matthew Keane, Helen Lau & James Wilson
Gold Sector Update & June Quarter | Analysts | James Wilson & Matthew Keane