Key News Overnight:
US stocks rose overnight for a fourth straight day of gains with technology shares leading the advance amid rising prospects of a trade truce. The Dow Jones and S&P 500 both climbed 0.7% to 25,239 and 2,725 respectively;
Gold fell for a second straight session as the dollar and US treasury yields climbed following strong jobs data Friday, dampening the metal’s appeal as a haven. Gold fell 0.7% to $US 1,311.9/oz;
The Hayne report was released after yesterday’s market close and appears to leave the four pillars of the banking system untouched despite 24 cases being put forward to regulators for civil and criminal breaches of the law;
Nickel registered the highest close since August as declining stockpiles heightened concerns over tightening global supply. Nickel rose 4.8% to $US 13,194/t as LME stocks reached five-year lows
Recent Research:
GNG, GRB, FMG, IGO, DRM, BOT, GCY, DCN, SFR, G1A, OEL, MMI
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