Key News Overnight:
Donald Trump increased pressure on China, saying tariffs on $200 billion of imports will rise to 25% from 10% on Friday. Trade talks with Beijing are going “too slowly, as they attempt to renegotiate” he tweeted. “No!” Discussions resume this week when Chinese Vice Premier Liu He returns to Washington.
The US President also initiated a lengthy call with his Russian counterpart on Friday, in which Vladimir Putin urged sanctions relief for North Korea and warned against interference in Venezuela.
Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions. The kingdom’s pricing appears to be aimed at easing concerns over supplies to the U.S.
Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption.
Gold advanced after a report showed slower- than-expected U.S. wage gains, supporting the Federal Reserve’s patient stance on interest rates even as hiring accelerated last month.
In This Issue:
Australian Golds | AISC winners and losers | Analyst | James Wilson
Perseus Mining (PRU) | Yaoure development to commence | James Wilson
FBR Ltd (FBR) | FBR and Brickworks form a JV | Michael Eidne
Whitebark Energy (WBE) | Construction commences on Production Facilities | Michael Eidne
ASB, SWK, KDR, IGO, RRL