Key News Overnight:
Investors await the Fed’s latest decision on monetary policy, set to be released on Wednesday. The U.S. Central Bank is widely expected to cut rates by 25 basis points.
The S&P/ASX 200 index reached a seven-week high thanks to surges in CSL Ltd and bank stocks, despite a risk-off sentiment dominating markets in recent days.
Half of Saudi Arabia’s crude production cut during Saturday’s attack has been restored in the past two days, the kingdom’s energy minister said on Tuesday that output to be fully back online by the end of September. Brent and WTI both dropped over 5%.
Gold rose on Tuesday, propped up by expectations for an interest rate cut by the U.S. Federal Reserve, but traded within a relatively narrow range as investors awaited further clarity on the Central Bank’s stance on future monetary policy.
In This Issue:
Salt Lake Potash (SO4) | SO4 Pilot Plant test work results | SPEC BUY | Analyst | Michael Eidne
Atrum Coal (ATU) | Exploration update from Isolation South | SPEC BUY | Analyst | Matthew Keane
Metals X Ltd (MLX) | Completion of $35m loan agreement | Not covered | No rating
Good Oil Conference 2019 Wrap: STX, FAR, OEL, TEG, COI | Atrum Coal (ATU) | Argonaut Quarterly Oil and Gas Sector Update