Key News Overnight:
The U.S. tariffs on China are staying put. The Trump administration is unlikely to remove the levies until after November’s presidential election and any move to do so is contingent on Beijing’s compliance with the phase one trade agreement.
The U.S., EU and Japan agreed to seek stronger WTO rules against subsidies, pressuring China. They want to bar unlimited guarantees; aid to troubled firms lacking real rescue plans; assistance to companies that can’t secure commercial finance and are operating in industries with overcapacity; and some debt forgiveness.
BlackRock, the world’s largest fund manager, is dumping more than half a billion dollars in thermal coal shares from all of its actively managed portfolios, as part of a more active global stance on climate change driven by chief executive Larry Fink.
Oil rose ahead of the U.S.-China trade deal signing, even as gold recouped most of its earlier losses. Natural gas rebounded on revised U.S. weather forecasts that cast doubt on the strength of a coming cold spell. Spot palladium surged past $2,150 an ounce. Nickel slumped on the LME.
In This Issue:
Resolute Mining (RSG) | Potential sale of Ravenswood to EMR Capital | Not covered | No rating
Heron Resources (HRR) | Heron appoints new CFO | Not covered | No rating
Centaurus Metals (CTM) | Plan of works for 2020 | Not covered | No rating
NTM Gold (NTM) | High grades continue at The Hub| SPEC BUY | Analyst | James Wilson
Stanmore Coal (SMR) | SRG Global (SRG) | Macmahon (MAH) | Independence Group (IGO) | Northern Star (NST) & Saracen Mineral Holdings (SAR)