Key News Overnight:
The Trump administration is abandoning its hard-fought plan to add a citizenship question to the 2020 census after the U.S. Supreme Court questioned its justification.
U.S. stocks edged higher to a fresh record, while haven assets from Treasuries to gold resumed rallies as investors awaited economic data around the Fourth of July holiday. The euro erased gains after Christine Lagarde was nominated to lead the ECB.
Gold futures rebounded from their biggest decline in more than a year on signs of fresh strains on the global economy that may prompt stimulus from central banks.
Oil had its worst reaction to an OPEC meeting in more than four years, with prices sliding just after the cartel agreed to prolong production curbs as fears about the global economy mount. Futures closed down 4.8% in New York.
The S&P/ASX 200 index closed up less than 0.1% at 6,653.2, paring an earlier gain of 0.6% after Australia executed its first back-to-back interest-rate cuts in seven years. Banks weighed on the benchmark after the RBA set its rate to a record low 1%.
In This Issue:
Stanmore Coal (SMR) | Increasing open pit capacity | BUY | Analyst | Matthew Keane
NRW Holdings (NWH) | Addition to Stanmore contract | Not covered | Ian Christie
Beach Energy (BPT) | Perth Basin Update | Not covered | Michael Eidne
Red River Resources (RVR) | Acquiring Hillgrove Gold-Antimony Project | Not covered | Matthew Keane
Recent Research:
Decmil (DCG) | Looking to FY 20 | Ian Christie
Salt Lake Potash (SO4) | SO4 Releases the Lake Way Scoping Study with Strong Project Economics | Michael Eidne
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
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