Key News Overnight:
Donald Trump will impose sanctions on Turkey for its Syrian incursion, days after he cleared the way for it by pulling American forces from the area. The penalties will raise steel tariffs back to 50%, and the U.S. will halt negotiations over a trade pact. Syrian forces pushed closer to the Turkish border.
U.S. stocks drifted lower as traders digested the implications of the China trade back-and-forth. The dollar strengthened against every G-10 counterpart, with the pound losing the most ground on Brexit pessimism.
Thousands of Hong Kong residents demonstrated in favour of a U.S. bill that would mandate a review of the city’s special trading status and could sanction some officials. The local government expressed regret at the support for the law. The police-sanctioned rally followed a weekend of violent protests.
Oil dropped the most in two weeks amid concern that the recent U.S.-China trade talks won’t lead to a deal. Platinum dropped, while other precious metals climbed. Nickel was the worst performing base metal on the LME.
In This Issue:
Evolution Mining (EVN) | September Q Production | SELL | Analyst | James Wilson
Botanix (BOT) | Grant to investigate new synthetic CBD formulations | SPEC BUY | Analyst | Michael Eidne
Metro Mining (MMI) | DFS for 6Mtpa Operation | BUY | Analyst | Matthew Keane
NRW Holdings (NWH) | BMA contract | Not covered | No rating
Recent Research:
Orthocell (OCC) | Swick (SWK) | GR Engineering (GNG) | Metro Mining (MMI) | Sandfire Resources (SFR)
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