Key News Overnight:
The S&P/ASX 200 index rose 0.3%, lifted by financial stocks after National Australia Bank Ltd named its interim chief executive officer Philip Chronican as its next chairman;
A drop in tech shares helped send U.S. stocks to their longest losing streak this year as the ECB’s grim economic forecasts reinforced concerns that global growth is slowing;
Oil posted the first gain in three days as a government report showing stronger U.S. fuel demand overshadowed a slump in equities. Futures closed 0.8 percent higher after rising as much as 1.4 percent earlier in the session;
The OECD cut its forecast for global growth to 3.3% from 3.6% last year and its forecast for the G20 to 3.5% from 3.8%, based on weaker economic prospects in nearly all G20 countries. This news weighed heavily on base metals with Zinc down 2.3%, copper down 0.6% and Nickel down 2.6%
In This Issue:
S&P Dow Jones Indices Announces March Quarterly Rebalance | Analyst | Matthew Keane
New Western Australia CO2 Emission Regulations could impact new projects | Analyst | Michael Eidne
Botanix (BOT) | Highlights from Management Update | SPEC BUY | Analyst | Michael Eidne
Atrum Coal (ATU) | Successful raising of A$20m | Analyst | Matthew Keane
Recent Research:
BOT, ATU, ASK, SGI, OEL, CLX, GRB
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