Key News Overnight:
US share markets fell from record highs in response to tensions between the US and Iran. The Dow Jones index fell by 234 points or 0.8%. The S&P500 index lost 0.7%. And the Nasdaq index fell by 71 points or 0.8%.
Tensions following the U.S. killing of top Iranian general Qassem Soleimani continue. President Donald Trump told U.S. lawmakers he was prepared to strike Iran “in a disproportionate manner” if the Islamic Republic hits any U.S. target, while Secretary of State Michael Pompeo said that any moves taken against Tehran would be “lawful.”
Catastrophic wildfires destroyed hundreds of properties across south eastern Australia on Saturday, with conditions expected to worsen during the week. Some blazes grew so large over the weekend that they generated dry thunderstorms and thousands of people, including tourists, have evacuated a 350-kilometer stretch of coastline.
Spot gold trading near US$1,552. Over the last week gold rose by US$37.90 an ounce or 2.5%. Iron ore rose by US70 cents or 0.8% to US$93.90 a tonne. Over the last week nickel fell 3.2% but aluminium lost just 0.3% and zinc rose 0.4%.
In This Issue:
Imdex (IMD) | Completes Flexidrill acquisition | Not covered | No rating
Panoramic Resources (PAN) | Preliminary December Q results | Not covered | No rating
Apollo Consolidated (AOP) | Drill results | SPEC BUY | Analyst | James Wilson
Decmil (DCG) | CTI Logistics (CLX)
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