Key News Overnight:
U.S. stocks jumped the most in six weeks as chipmakers rallied on deal news and the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. The S&P 500 and Dow Jones were up 1.5% and 0.8% overnight respectively;
Gold fell after the Trump Administration rebuffed reports that prospects for a trade deal with China were diminishing, undercutting the metal’s haven appeal. Bullion traded below the psychologically important level of $1,300 an ounce;
Zinc in London rebounded from the worst weekly loss in more than three months as declining exchange inventories and a leading smelter’s financial woes stoked supply concerns;
Newmont Mining Corp. managed to fend off a hostile bid by Barrick Gold Corp. by agreeing to a joint venture around the two companies’ projects in Nevada;
Brent crude and WTI both gained 1.3% overnight, up to 66.58 (US$/bbl) and 56.79 (US$/bbl) respectively;
In This Issue:
Metals X Ltd (MLX) | March Q production impacted by Power outage | Not covered | No rating
Exore Resources (ERX) | Antoinette drill results | Not covered | No rating
Heron Resources (HRR) | First Underground ore from Woodlawn | Not covered | No rating
China Macro: China Trade to See Significant Improvement in March | Analyst | Helen Lau
Recent Research:
MLX, HRR, AKM, OEL, SGI, OZL
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