Key News Overnight:
U.S. stocks rebounded from the worst drop in four months amid Trump’s effort to assuage trade concerns. Gains faded a bit late, leaving the S&P 500 down around 4% since tensions escalated May 5.
Trump denied a NYT story that his administration is planning to send as many as 120,000 troops to the Middle East in the event of war with the Islamic Republic. The president warned he’d send “a hell of a lot more” if hostilities broke out.
Theresa May will finally bring her Brexit deal back to Parliament at the start of June, despite not having agreement from the opposition Labour Party. Instead she is gambling that members of Parliament, stung by voter revolts, will back her in order to end the process that has divided both main parties.
Global oil prices rose on Tuesday with Reuters reporting that “top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
Commodity markets got a break from trade fears, with prices rebounding after Donald Trump reassured markets that he’ll clinch a deal with China. All base metals were up overnight while gold lowered.
In This Issue:
St Barbara Mines (SBM) | Acquisition of Atlantic Gold Corp. | BUY | Analyst | James Wilson
Pantoro Limited (PNR) | Acquires 50% stake in Norseman Gold Project
Otto Energy (OEL) | Otto in Trading Halt Pending Announcement | BUY | Analyst | Michael Eidne
NRW Holdings (NWH) | Trading halt pending contract announcement | Not covered | No rating
Myanmar Metals Ltd (MYL)