Key News Overnight:
The world’s most famous value investor isn’t seeing much value in stocks at record highs. Warren Buffett’s Berkshire Hathaway Inc. sold $1b more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017.
U.S. stocks suffered the worst week of 2019 as investors fretted over Trump’s escalation of his trade war with China. Treasuries rose, while the yen strengthened. The S&P 500 fell for a fifth straight day, its steepest weekly loss since December’s sell-off.
Hong Kong on Saturday entered the second of four straight days of planned rallies, with thousands of pro- police demonstrators gathering on one side of the harbor and thousands of anti-government protesters on the other.
One of the world’s biggest gold investors has urged Australian miners to resist the temptation to lock in record prices, saying the rally in the precious metal was just getting started.
Rio Tinto Group is considering options for an initial open-pit mine at the Winu copper discovery in Australia, though it’s warned exploration finds may not immediately be converted into the highest quality operations.
In This Issue:
Peet (PPC) | Impetus for Brabham JV | HOLD | Analyst | Ian Christie
Salt Lake Potash (SO4) | Project Funding Secured for Lake Way Project| SPEC BUY | Analyst | Michael Eidne
Monadelphous (MND) | New contracts | Not covered | No rating
Whitebark Energy (WBE) | Rex-2 Well Successfully Drilled | Not covered | No rating
Saracen (SAR) | Independence Group (IGO) | Swick (SWK) | Pacific Energy (PEA) | Evolution Mining (EVN) | St Barbara Ltd (SBM)
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