Key News Overnight:
Trade talks have hit a snag over China’s farm-goods purchases, IP enforcement, and the timing of U.S. tariff rollbacks, while President Trump has said Beijing has agreed to buy up to $50 billion of American crops including soybeans and pork, Chinese officials are leery of a numerical commitment. They’re seeking to avoid a deal that looks one-sided in Washington’s favour.
Jerome Powell signalled further rate cuts are unlikely for now. The Fed chairman told Congress that officials “see the current stance of monetary policy as likely to remain appropriate” as long as the economy stays on track.
Hong Kong update: Top officials gathered at Carrie Lam’s residence for about two hours Wednesday evening, RTHK reported. There was no official word on the meeting, held as Beijing ratcheted up its rhetoric. Earlier, riot police cleared protesters from the city centre. All city schools will be closed on Thursday and HKU has cancelled this week’s classes.
Oil advanced for the first time in three days after a report that OPEC sees a potential reduction in supply from outside of the group, but gave back some of its gain on news that U.S.-China trade talks had hit a snag. Gold and silver advanced.
In This Issue:
BHP (BHP) | CEO to retire | Not covered | No rating
Pilbara Minerals (PLS) | Recoveries on the up | Not covered | No rating
Panoramic Resources (PAN) | Production woes continue at Savannah | Not covered | No rating
Emeco (EHL) | AGM comments and update | Not covered | No rating
Argonaut’s 2019 Best Undeveloped Projects | St George Mining (SGQ) | Metro Mining (MMI) | Swick (SWK) | Perenti (PRN)