Key News Overnight:
U.S. stocks rose in thin trading as Walmart Inc.’s stellar earnings boosted consumer shares. The S&P 500 gained 0.1% overnight to 2,780 and the Dow Jones was unchanged at 25,891;
The S&P/ASX 200 index was lifted by bank shares yesterday after ANZ announced it would take steps to increase investor lending. The ASX All Ords gained 0.2% to finish at 6,184;
The US is negotiating with China to stabilise the Yuan to neutralise any effort by Beijing to devalue its currency for the purpose of countering American tariffs;
Oil prices were mixed overnight due to increased investor caution around anticipated US – China trade talk news. Brent crude oil was unchanged overnight at US$66.49/bbl. and WTI gained 0.9% to US$56.09/bbl;
Gold advanced overnight due to increased uncertainty over global economic growth and a pullback in the US dollar. Gold gained 1.1% overnight to US$ 1,340/oz;
Palladium extended its rally overnight, driven by investors’ bets on tight supplies used to curb emissions in gasoline vehicles
In This Issue:
St Barbara Ltd (SBM) | 1HFY19 Result | HOLD | Analyst | James Wilson;
Fortescue Metals (FMG) | 1HFY19 Result | Under Review | Analyst | James Wilson;
Regis Resources (RPL)| 1HFY19 Result | BUY | Analyst | James Wilson;
Western Areas l (WSA) | HI FY19 Results |BUY | Analyst | Matthew Keane;
Seven Group (SVW) | Interim results | Not covered | No rating;
Valmec (VMX) | Interim results | BUY | Analyst | Ian Christie;
NRW Holdings (NWH) | Interim results | Not covered | No rating;
Emeco (EHL) | More detail on asset purchase | Not covered | No rating;
Whitebark Energy (WBE) | Wizard Lake Oil Volumes increase by 55% | Not covered | No rating
Recent Research:
SBM, FMG, RPL, WSA, SVW, VMX, SAR, SFR, GOR, MYL, TEG, MDKA.IDX, CVN
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