Key News Overnight:
The S&P 500 capped a third day of gains, but faded into the close to finish just above its average price over the last 50 sessions.
Theresa May is confronting the end of her premiership after her own party forced her to agree to set a timeline to quit as U.K. prime minister. Before announcing the schedule for her departure, May will try one last time to finish the job she started and get her Brexit deal approved in a vote in Parliament at the beginning of June.
Oil soared to a two-week high as Saudi Arabia accused Iran of ordering this week’s attack on its key oil facilities, fueling tensions between two of the world’s oil- producing superpowers.
Copper climbed for a third day in London, continuing its rebound from a three-month low as Chinese and European equity markets rallied and the yuan stabilized, helping to ease cost pressure on buyers in the world’s top consumer of commodities.
Zimbabwe’s biggest gold producer sued the country’s central bank for $132 million because it has been paying with a local quasi-currency rather than U.S. dollars, highlighting the business sector’s dissatisfaction with the nation’s financial regime.
In This Issue:
WA Population Trends & Unemployment | Ian Christie
St Barbara Mines (SBM) | Acquisition of Atlantic Gold Corp.| BUY | Analyst | James Wilson
Sandfire Resources (SFR) | SFR supports Metminco / Andes Merger | HOLD | Analyst | Matthew Keane
Ausdrill (ASL) | Not to proceed with Note offering | BUY | Analyst | Ian Christie
Myanmar Metals Ltd (MYL)