Key News Overnight:
President Donald Trump renewed his attack on the Federal Reserve, saying the central bank “doesn’t have a clue,” and may be sizing up his two latest picks for Fed governor as successors to Chairman Jerome Powell.
S&P/ASX 200 Index futures fell 0.2% to 6,678. U.S. stocks retreated from record highs and Treasuries fell as a strong jobs report clouded the outlook for the Federal Reserve.
Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability.
Gold futures fell last week, dropping for the first week in three, as stronger-than-expected payroll gains in the U.S. called into question expectations that the Federal Reserve will cut interest rates.
The largest steel industry group in China has urged the government to maintain order in the global iron ore market after prices surged to a five-year high following a supply squeeze, saying that it’s requested authorities look into the gains.
In This Issue:
Industrials – Factoring risks into valuations | Analyst | Ian Christie
Pantoro Ltd (PNR) | Production update | BUY | Analyst | James Wilson
Agrimin (AMN) | AMN expands its product range | SPEC BUY | Analyst | Michael Eidne
Encounter Resources (ENR) | Placement and Silver Lake Resources Investment | Not covered | No rating
Peet (PPC) | Turnaround will take time | HOLD | Analyst | Ian Christie
Matrix (MCE) | Operational update | SPEC BUY | Analyst | Ian Christie
Decmil (DCG) | Looking to FY20 | BUY | Analyst | Ian Christie
June Quarter Preview and Commodity Outlook | Analysts | Matthew Keane, Helen Lau & James Wilson
Gold Sector Update & June Quarter | Analysts | James Wilson & Matthew Keane