Key News Overnight:
China’s government says it’s willing to work with the U.S. to end an escalating trade war but blames President Donald Trump’s administration for the collapse in talks and won’t be pressured into concessions.
The RBA is set to announce an interest rate cut tomorrow for the first time in three years to 1.25% in its monthly meeting, however, the question remains whether banks will pass on this cut.
Saudi Arabia, the world’s biggest oil exporter, raised July pricing for all crude oil grades to Asia and cut pricing for most grades to the U.S. and Europe.
Base metals headed for their biggest monthly loss in seven months, paced by zinc and nickel, as demand concerns grow because of escalating trade disputes.
President Donald Trump’s plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting golds haven appeal as it rose by over US$15 to US$1304.9.
In This Issue:
Ausdrill (ASL) | Barminco 3Q19 update | BUY | Analyst | Ian Christie
Sandfire Resources / White Rock Minerals (SFR/WRM) | Drilling commences | HOLD | Analyst | Matthew Keane
Liontown (LTR) | LTR continues to deliver thick, high grade Li2O intercepts | Not covered | Matthew Keane
Please read Argonaut’s Important Disclaimers & disclosures
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