Key News Overnight:
President Donald Trump said he’ll keep tariffs on China until he’s sure Beijing is complying with any trade deal, refuting expectations that the two nations will agree to roll back duties as part of a lasting truce to their trade war;
Federal Reserve Chairman Jerome Powell said interest rates could be on hold for “some time” as global risks weigh on the economic outlook and inflation remains muted;
Oil closed at a new high for the year in New York after the biggest withdrawal of crude in U.S. storage tanks since July signaled further tightening supplies;
Iron ore futures tumbled in Asia after a Brazilian court ruled that Vale SA should be allowed to restart a major mine ordered shut in the aftermath of January’s deadly dam disaster;
Nickel and zinc gained amid signs that Chinese developers may be spared from new property tax rules, easing demand concerns in the world’s biggest metals consumer;
In This Issue:
Commodity Price, FX & Discount Rate Revision | M. Keane, M. Eidne, J. Wilson & H. Lau
Stealth Global (SGI) | UK JV with Bisley Workwear | SPEC BUY | Analyst | Ian Christie
Triangle Energy (TEG) | TEG Appoints a new Chairman | SPEC BUY | Analyst | Michael Eidne
Base Resources (BSE) | Toliara PFS | Not covered | No rating
Recent Research:
Paringa Resoucres (PNL)
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