Key News Overnight:
Bullish sentiment was stoked on news overnight that the US and China are planning to remove tariffs as a part of any “phase one” trade deal. Though contradicted this morning, that news saw a general rally in risk-assets in Wall Street trade, with the S&P500 briefly hitting new record highs.
European share markets rose to 4-year highs on Thursday on US-China trade progress. Positive earnings results from Siemens (+4.9%), steelmaker ArcelorMittal (+6.7%) and wind turbine maker Vestas (+11.0%) boosted sentiment.
Global oil prices rose to 6-week highs on Thursday on hopes for a partial US-China trade deal. Brent crude rose by US55 cents or 0.9% to US$62.29 a barrel.
Gold was trading near US$1,468 the price fell by US$21.90 or 1.5%. Base metal prices were mixed on the London Metal Exchange on Thursday. Copper (+1.3%) rose by the most on trade optimism. But lead (-0.3%) and nickel (-0.5%) both fell.
In This Issue:
Decmil (DCG) | Rail contracts | BUY | Analyst | Ian Christie
St George Mining (SGQ) | Additional targets identified at Fish Hook | SPEC BUY | Analyst | Matthew Keane
Swick (SWK) | AGM update | SPEC BUY | Analyst | Ian Christie
Woodside Petroleum (WPL) | Scarborough Resources Increase by 52% | Not covered | No rating
Perenti (PRN) | Decmil (DCG) | Cardinal Resources (CDV)