Key News Overnight:
U.S. stocks fell to a one-week low as the drop-in health-care providers extended amid concern about policy changes and the latest batch of corporate earnings did little to boost confidence in the economy.
Senior U.S. and Chinese officials are scheduling more face-to-face trade talks in an effort to reach a deal by early-May that President Donald Trump and his Chinese counterpart Xi Jinping could sign later that month.
Iron ore tumbled after Brazil’s Vale SA said it will restart operations at a major mine in the next 72 hours, alleviating concern about a shortage and potentially offsetting supply losses seen by rivals in Australia.
Copper futures rose to the highest in more than nine months, fuelled by better-than-expected Chinese economic growth and speculation over new stimulus measures to bolster consumption.
Gold prices are dropping, and investors are fleeing the world’s biggest exchange-traded fund backed by the metal. Holdings in SPDR Gold Shares fell to the lowest since October on Tuesday, the same day bullion gave up its 2019 gain.
In This Issue:
Fortescue Metals Ltd (FMG) | March Q report | HOLD | Analyst | James Wilson
St Barbara Ltd (SBM) | March Q report | HOLD | Analyst | James Wilson
Sandfire Resources (SFR) | March Q results | BUY | Analyst | Matthew Keane
Core Exploration (CXO) | Finniss DFS | SPEC BUY | Analyst: Matthew Keane
Recent Research:
Evolution Mining (EVN), Gage Roads (GRB), West African Resources (WAF), OZ Minerals (OZL), Pantoro Ltd (PNR)
Please read Argonaut’s Important Disclaimers & disclosures
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