Key News Overnight:
U.S. stock futures and European shares edged higher Thursday in a lacklustre session marked by thin trading volumes thanks to the American holiday.
The S&P/ASX 200 index rose 0.5% to close at 6,718.00, its highest closing level since November 2007. SpeedCast International Ltd. was the top performer after the U.S. Department of Homeland Security selected Speedcast Government as one of multiple awardees under a Tactical Communications Equipment and Services II contract.
Gold dropped ahead of U.S. jobs numbers due Friday that could give further clarity on the Federal Reserve’s interest rate path amid President Donald Trump’s comments on Chinese and European currency manipulation.
Top copper producer Codelco is again delaying the return to normal operations at its Chuquicamata smelter. Some parts of the smelter are operating normally, including the flash oven and one acid plant.
Oil declined as concerns that slowing economic growth will stymie energy demand outweighed worries that a confrontation with Iran may threaten supplies. Futures lost as much as 1.5% in New York as anxieties over demand resurfaced this week.
In This Issue:
Fortescue Metals Ltd (FMG) | Company update| SELL | Analyst | James Wilson
Oceana Gold (OGC) | Didipio Mine FTAA and Injunction | Not covered | James Wilson
Byron Energy (BYE) | BYE SM74 D14 well is a duster | Not covered | Michael Eidne
Strike Energy (STX) | West Erregulla-2 Update | Not covered | Michael Eidne
Recent Research:
Matrix (MCE) | Operational Update | Ian Christie
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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