Key News Overnight:
US stocks challenge records: The diminished risk of conflict in the Middle East has provided catalyst for US stocks to trade at fresh record highs. The benchmark S&P500 climbed by over half per cent overnight, led by strong buying of tech and financial sector stocks. Boeing shares also supported the rally, jumping nearly 1.5%
US and Iran tensions are apparently diminishing and looking at price action, it would appear traders are taking a view that the issue ought to settle-down
Global oil prices were relatively flat on Thursday. Investors continued to monitor tensions between the US and Iran. Also investors continued to mull the data released on Wednesday that showed a surprising lift in US crude stocks last week
Spot gold was trading near US$1,552 an ounce in late US trade. Iron ore fell by 1.4%, Base metal prices were up by as much as 1.5% on the London Metal Exchange with lead gaining the most. But copper was flat with zinc down by 1.4%
In This Issue:
Evolution Mining (EVN) | Operations update| SELL | Analyst | James Wilson
Thermal Coal: Supply Tightness Supporting Prices Short-term | Analyst | Helen Lau
Recent Research:
Independence Group (IGO) | Myanmar Metals (MYL) | Macmahon (MAH) | OZ Minerals (OZL) | Northern Star (NST) & Saracen Mineral Holdings (SAR) | Decmil (DCG) | CTI Logistics (CLX)
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