Key News Overnight:
U.S. stocks extended their gains overnight as optimism over trade negotiations countered concerns stirred by Senator Marco Rubio when he announced a bill to tax buybacks on an equal footing with dividends. The Dow Jones rose 0.5% to 25,543 while the S&P 500 climbed 0.3% to 2,753;
Concerns surrounding another government shutdown have receded as President Donald Trump signalled his intentions to reluctantly accept the congressional border security deal;
Global oil prices continued their rebound overnight as dwindling shipments from Saudi Arabia and Venezuela outpaced a surge in US supply. Brent rose 2.0% to $US 63.86/bbl;
Bullish sentiment for copper is growing louder with prices expected to climb 14% due to supply constraints predicted to emerge at the end of the year. Copper rose 0.5% to $US 6,124/t
In This Issue:
Australian Mines l (AUZ) | Sconi Resource Upgrade |SPEC BUY | Analyst: Matthew Keane;
South 32 l (S32) | H1 FY19 Results | Not covered | No rating;
Newcrest Mining (NCM) | Half Year Result | Not covered | No rating
Recent Research:
Coking Coal Thematic, AUZ, S32, NCM, MYL, TEG, MDKA.IDX, CVN, CLX
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