Key News Overnight:
Stock markets climbed across the globe, with market participants exhibiting signs of being more comfortable with the likely impacts of the coronavirus on growth.
Commodity prices and growth sensitive assets recovered some of their recent lost-ground.
The UK saw a release of a spate of economic data last night. Topping the data were GDP figures, and although they showed quarterly growth came-in flat, as expected, monthly GDP came-in at a better than forecast 0.%.
Powell reiterated his view that US economic fundamentals are positive, but that risks, which now includes the coronavirus, remain elevated, and that the Fed is prepared to provide policy support should those risks impact US growth.
Sovereign bond yields climbed, and gold eased by 0.3%. Oil prices bounced, though the WTI Crude remains in a battle with the $US50-mark and the Aussie Dollar traded around 0.67, as the US Dollar pulled back.
In This Issue:
Evolution Mining (EVN) | H1 Financial Results | SELL (under review) | Analyst | James Wilson
OZ Limited (OZL) | West Musgrave reserve statement | BUY | Analyst | Matthew Keane
Gold Road (GOR) | GOR FY2020 guidance and resource upgrade | HOLD | Analyst | James Wilson
Mineral Resources (MIN) | MIN 1H20 Results | Not covered | No rating
Downer (DOW) | Construction losses headline interim result | Not covered | No rating
Blackham Resources (BLK) | Wiluna Operations Update | Not Covered | Not rated
Apollo Consolidated (AOP) | Perenti (PRN) | Tietto Minerals (TIE)
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