Key News Overnight:
U.S. stocks rose on renewed risk appetite as political tensions from Hong Kong to the U.K. appeared to subside. Tech shares led the advance, with the Nasdaq up more than 1%. The pound spiked on optimism a no-deal Brexit may be avoided, and the yen was the only G-10 currency to fall against the dollar. Treasuries were mixed, Gold rose.
The losses for Boris Johnson keep mounting. The U.K. House of Commons rejected the PM’s call for an early general election Oct. 15. Lawmakers in the body earlier passed a bill that could force Johnson to ask the EU to delay Brexit by three months to Jan. 31 if he can’t get a deal, or persuade MPs to leave the bloc without one. That now heads to the House of Lords.
Silver climbed to the highest level since 2016 and platinum continued its week-long rally. Zinc led base metals higher on the LME, with copper rebounding from a two-year low. WTI topped $56 a barrel. Wheat and cocoa led gains in agriculture.
In This Issue:
WA bucked the trend in June quarter | Analyst | Ian Christie
GR Engineering (GNG) | LoI for Geopacific’s Woodlark Project | BUY | Analyst | Ian Christie
Exore Resources (ERX) | Veronique drilling at Metallurgy | Not covered | No rating
Copper: Price Weakness vs Supply Squeeze | Analyst | Helen Lau
St George Mining (SGQ) | VRX Silica (VRX) | Perenti (Ausdrill) (ASL) | Austal (ASB) | Peet (PPC) | Macmahon (MAH) | Triangle Energy (TEG)