Key News Overnight:
US stocks broke a three-day slide, led by a rally in shares of technology companies, propelling the benchmark S&P 500 to its fifth consecutive weekly gain. The S&P 500 gained 0.7% to 2,804 whilst the Dow Jones moved up 0.4% to 26,026;
President Donald Trump said on Saturday that the U.S. dollar is too strong, and took a swipe at Federal Reserve Chairman Jerome Powell as someone who “likes raising interest rates”
The US and China are close to a trade deal that could lift most US tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products
Nickel jumped to a six-month high in London on the back of falling inventories and a rebound in China’s stainless steel market. Nickel Gained 1.1% on Friday to US$ 13,115/t;
Global oil prices fell on Friday as the US ISM manufacturing index fell to 2-year lows, igniting concerns regarding global oil demand. Brent crude oil fell 1.9% to US$ 65.07/bbl and WTI fell 2.5% to US$ 55.80/bbl;
In This Issue:
Otto Energy (OEL) | Half Yr Financial Report & Winx 1 Preliminary Drill Results | BUY | Analyst | Michael Eidne
Austal (ASB) | Interim results | BUY | Analyst: Ian Christie
Decmil (DCG) | Interim results | BUY | Analyst: Ian Christie
Austin Engineering (ANG) | Interim results | BUY | Analyst: Ian Christie
Doray Minerals (DRM) | Termination of Andy Well sale | BUY | Analyst: James Wilson
Recent Research:
ASB, DCG, ANG, SWK, DRM, MMI, ASP, SXE, PCC, XAM, OZL, PDN, SRG, OEL
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