Key News Overnight:
U.S. President Donald Trump tweeted Wednesday increased tariffs on 250 billion dollars’ worth of Chinese goods were set to kick in on October 1 have now been delayed to October 15 “as a gesture of good will.”
European stocks traded higher on Wednesday afternoon as investors look ahead to key central bank meetings, while China signalled a thawing of trade tensions with the U.S.
U.S. oil prices fell on Wednesday after a reported sharp drop in U.S. crude stocks and OPEC member Iraq said the producer group would discuss deepening output cuts amid ongoing demand concerns.
Gold rose on expectations of monetary policy easing by top central banks while global growth risks continue to linger.
The euro fell to a one-week low against the greenback on Wednesday, a day before the European Central Bank is expected to add further stimulus in a bid to boost the region’s economy.
In This Issue:
Otto Energy (OEL) | Board Renewal | BUY | Analyst | Michael Eidne
St George Mining (SGQ) | Drilling extends Stricklands mineralisation down-plunge | Analyst | Matthew Keane
Hot Chili Resources (HCH) | Long mineralisation intercepted at Cortadera | Not covered | No rating
Lithium: Higher Demand for Lithium Carbonate than Hydroxide | Analyst | Helen Lau