Key News Overnight:
Donald Trump said a “significant” phase-one trade deal with China could happen soon, but warned he’ll “substantially raise” tariffs if no agreement is reached. The president also renewed his assault on the Fed, accusing the central bank of hurting the U.S. economy by not adopting negative interest rates.
Hong Kong faces another morning of chaos as protesters called for more disruptions to the city’s transport system. Clashes continued into late Tuesday as police did battle with demonstrators in multiple locations, including with students at Chinese University. Senior Superintendent Kong Wing-Cheung warned that local society is on the brink of a “total breakdown”.
Unrest in Chile and Bolivia is taking its toll. The Chilean central bank managed to hinder a rout in the peso, but the selloff in country’s assets extended amid continued strikes and clashes with police.
U.S. stocks eked out a gain after Trump provided little insight into the prospects of a China trade deal. Treasuries rose after returning from a holiday, with 10-year yields down three basis points, Oil surrendered earlier gains after Trump’s speech to finish in the red. Gold ended a three-day slide.
In This Issue:
Fortescue Metals (FMG) | Farming into the Paterson Province | SELL | Analyst | Matthew Keane
Breaker Resources (BRB) | Placement to fund resource drilling | Not covered | No rating
Red River Resources (RVR) | Liontown drilling highlights near term mine potential | Not covered | No rating
Recent Research:
St George Mining (SGQ) | Metro Mining (MMI) | Swick (SWK) | Perenti (PRN) | Decmil (DCG)
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