Key News Overnight:
U.S. stocks rose in a tumultuous session, with tech stocks fuelling gains. The S&P 500 rebounded from a drop of more than 1%, as a weak service sector report fuelled bets the Fed will cut rates this month.
Boris Johnson’s latest Brexit plan fell flat in Europe. Donald Tusk said he’s “unconvinced” by the UK PM’s proposal, and EU legislators said it doesn’t “even remotely” work to address the Irish border problem. It has been reported that Johnson may have a Plan B if his deal is rejected.
Face masks in Hong Kong will soon be banned at public gatherings. The government will enact the Emergency Regulations Ordinance after a special meeting of the city’s Executive Council on Friday, TVB reported. Meantime, police relaxed guidelines on the use of force including guns, batons, rubber bullets and water cannon vehicles, Ming Pao reported.
Oil extended its longest losing streak in 10 months, even as investors ramped up bets that the Fed will cut rates this month to bolster a flagging economy. Gold advanced for a third day, getting back above $1,500 an ounce. Palladium dropped, while nickel extended gains.
In This Issue:
St Barbara (SBM) | September Q production results | HOLD | Analyst | James Wilson
Otto Energy (OEL) | Gulf of Mexico Operations Update | BUY | Analyst | Michael Eidne
St George Mining (SGQ) | Nickel system live at depth | SPEC BUY | Analyst | Matthew Keane
Metro Mining (MMI) | Sandfire Resources (SFR) | Saracen Mineral Holdings (SAR) | Potash Sector Review | Gold: Forecasting more M&A in the WA Goldfields