Key News Overnight:
US Equities opened lower overnight amid a lack of progress on the U.S.-China trade deal before briefly erasing losses on home-sales and service-industries data that beat estimates. The S&P 500 dropped 0.1% as did the Dow Jones;
Judging by the market reaction in Asia to China’s latest economic-growth target, a detente with the U.S. on trade can’t come soon enough. The MSCI Asia Pacific Index fell 0.3 percent;
Gold futures extended the longest slump in almost two years as better-than-expected economic data and signs of easing trade;
Nickel climbed to a fresh six-month high in London as rallying steel markets, falling inventories and rising electric-vehicle sales bolster the outlook for the metal;
Oil closed little changed as traders awaited updates on the U.S.-China trade front and a report on American crude stockpiles. Futures switched between gains and losses in New York on Tuesday, settling 0.1% percent lower;
In This Issue:
Fortescue Metals (FMG) | Hunan Valin reduces stake by 40m shares | HOLD | Analyst | James Wilson
OZ Minerals (OZL) | Carrapateena to become a block cave mine in 2026 | BUY | Analyst | Matthew Keane
Decmil (DCG) | Pipeline opportunity being converted | BUY | Analyst | Ian Christie
SO4 | Commences Construction on Commercial Scale SOP ponds | SPEC BUY | Analyst |Michael Eidne
Peel Mining l (PEX) | Further high grade hits at Southern Nights | Not covered | No rating
Recent Research:
FMG, OZL, DCG, SO4, MGV, SGI, OEL, CLX, GRB, ASB, DCG, ANG, SWK, DRM, MMI, ASP, XAM
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