Key News Overnight:
U.S. stocks gained for the second day on signs the Trump administration is working toward easing tensions with trade partners. The S&P 500’s two-day gain was the biggest in more than a month after Bloomberg reported President Donald Trump would postpone by up to six months a decision on car tariffs that was due by Saturday.
Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region.
Oil rose after a US government report showed shrinking gasoline supplies, coupled with tensions flaring in the Middle East, suggesting more demand ahead for crude.
Iron ore is forecast to surge well above $100 a ton within months, according to Blomberg, as stockpiles at China’s ports decline and a drop in supply spurs a global deficit.
Copper rallied after a report that President Trump will delay a decision to impose auto- import tariffs, easing demand concerns over the metal used in pipes and wiring.
In This Issue:
Apollo Consolidated (AOP) | Drill program underway| SPEC BUY | Analyst | James Wilson
Orbital (OEC) | Revenue guidance downgrade | Not covered | No rating
Ramelius Resources (RMS) | Symes Find exploration results | Not covered | No rating
Myanmar Metals Ltd (MYL)