Key News Overnight:
U.S. stocks fell as China trade tensions simmered. U.S. Treasuries rose, with 10-year yields remaining down after the release of the Fed minutes.
British Conservatives politicians decided not to change leadership rules that would make it easier to oust the PM Theresa May, but she remains under pressure to ditch her Brexit deal.
All base metals were down, lower by up to 1.6% with zinc dropping the most. Copper continued its slide falling another 1.2%.
Mining giant Glencore Plc signed a preliminary supply agreement with First Cobalt Corp. to provide feedstock for a refinery in Canada that may be restarted. Meanwhile, Goldman Sachs boosted its price outlook for iron ore for 3, 6 and 12-month horizons.
Oil tumbled the most in about three weeks after surging U.S. stockpiles rekindled fears of a glut as trade tensions cloud the outlook for demand.
In This Issue:
Ausdrill (ASL) | Peabody contract extension | BUY | Analyst | Ian Christie
SRG Global (SRG) | Transport infrastructure awards | BUY | Analyst | Ian Christie
Calima Energy (CE1) | Calima Energy Sells its interest PEL 90 in Namibia | Not covered | Michael Eidne
Otto Energy Ltd (OEL)