Key News Overnight:
U.S. equities gained, led by FANG shares, while European stocks pared losses following a mixed session in Asia as a big week for central-bank policy gets underway.
China cut its U.S. Treasury holdings to the lowest in almost two years as the months-long trade conflict dragged on between the world’s two largest economies.
Commodity investors, especially in oil and gold, will have their sights trained on the Middle East in the coming days as tensions climb between the U.S. and Iran following attacks on tankers near the entrance to the Persian Gulf.
Copper futures climbed after a decline in China’s output of the metal and a strike at the world’s top producer combined to outweigh negative sentiment about global demand.
The U.S. Supreme Court upheld a Virginia law that bans mining at the nation’s largest known uranium deposit. Gold slipped as the dollar rose and traders awaited signals on prospects for a cut in U.S. interest rates.
In This Issue:
Carnarvon Petroleum (CVN) | Roc South-1 Exploration Well Spuds| SPEC BUY | Analyst | Michael Eidne
Macmahon (MAH) | Acquisition of GBF Group | Not covered | Ian Christie
Paringa Resources (PNL) | Poplar Grove Operations Update | BUY | Analyst | Matthew Keane
Cassini Resources (OZL/CZI) | High grades at One Tree Hill | OZL | HOLD | Analyst | Matthew Keane
Recent Research:
Saracen Mineral Holdings (SAR), Atrum Coal NL (ATU), Ausdrill (ASL)
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