Key News Overnight:
US stocks closed lower overnight as worries over global economic growth were heightened following softer than expected economic data from the US and Europe. The Dow Jones and the S&P 500 both fell 0.4% to 25,851 and 2,775 respectively;
Global oil prices fell for the first time in more than a week following US data that showed growth in both crude stockpiles and production. Brent fell 0.1% to $US 67/bbl;
UK Prime Minister Theresa May is expected to be forced to request a three-month delay to Brexit, following a fruitless meeting in Brussels between the Brexit secretary, the attorney general and the EU's chief negotiator;
Copper’s rally was halted overnight as disappointing factory data from Europe and the US renewed concerns over the outlook for economic growth. Copper fell 0.5% to $US 6,395;
Australian treasurer Josh Frydenberg played down concerns regarding a ban on Australian coal imports into Northern China, attributing the slowdown to testing of coal imports and denied that it was politically motivated
In This Issue:
Pacific Energy (PEA) | Interim results | BUY | Analyst | Ian Christie;
Stanmore Coal (SMR) | China coal restrictions – Little impact |BUY | Analyst | Matthew Keane;
Triangle Energy (TEG) | Approval Granted for Xanadu Seismic Survey| SPEC BUY | Analyst | Michael Eidne;
Matrix (MCE) | Interim results | SPEC BUY | Analyst | Ian Christie
Recent Research:
China EVs, PEA, SMR, TEG, FMG, ASL, DCN, SBM, RRL, WSA, VMX, SAR, SFR, GOR, MYL+
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