Key News Overnight:
U.S. stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signalled an openness to rate cuts. Markets across the globe were up yesterday with the S & P 500 and Dow Jones leading the way, jumping 2.1% each.
The U.S. president dashed hopes a deal could be reached with Mexico before he imposes a 5% tariff next week over illegal immigration, despite Mexican officials saying they expect a comprise to be reached.
As the world economy runs into trouble, central banks are utilising their primary instrument with the RBA cutting interest rates for the first time in three years and India likely to follow on Thursday.
Oil rose after four consecutive sessions of declines as signs of tightening supply from OPEC+ overshadowed concerns that escalating trade tensions from China to Mexico could slow global demand.
Zinc rebounded from its lowest level since January while Gold surged over the past week to over US$1,325/oz. Copper, which is often seen as a barometer of global economic activity, was up by 0.7%.
In This Issue:
Core Lithium (CXO) | SPP and royalty plan | SPEC BUY | Analyst | Matthew Keane
Valmec (VMX) | EPC contract for hydrogen facility | BUY | Analyst | Ian Christie
Cooper Energy (COE) | Cooper Enters Gas Sales Agreement with AGL Energy | Not covered | Michael Eidne
Altura Mining (AJM) | Operational Update | Not covered | Matthew Keane
Austal Ltd (ASB), Myanmar Metals (MYL)