Key News Overnight:
U.S. stocks futures slumped following the close of regular trading after President Donald Trump’s top trade negotiator said the U.S. plans to raise tariffs on Chinese goods, accusing Beijing of backpedalling on commitments it made during negotiations.
Oil recovered from early declines after U.S. President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.
Iron ore stockpiles in China sank for a fourth week, hitting the lowest since October 2017 and offering further evidence that supply disruptions and robust demand are tightening the global market.
Rio Tinto’s aluminium units are seeking damages and an injunction against Century Aluminium over alleged aluminium patent infringements.
Gold nudged higher as uncertainty over the future of trade talks between the U.S. and China increased demand for haven assets.
In This Issue:
Otto Energy (OEL) | Green Canyon 21 Appraisal Well Spuds| BUY | Analyst | Michael Eidne
Altech Chemicals (ATC) |First Steel Raised at HPA plant construction site | Not covered | No rating
Genesis Minerals (GMD) | Exploration update | Spec Buy | Analyst | James Wilson
Pantoro Ltd (PNR) | High grades at Nicolsons | Buy | Analyst | James Wilson
MYL, SO4, ASB, SWK, KDR, IGO, RRL