Key News Overnight:
U.S. stock gauges closed at record highs on the back of better-than-forecast earnings, while the USD strengthened and U.S. Treasury yields dipped.
The world’s best performing stock market, China’s CSI 300, is looking vulnerable after Beijing officials signalled, they’re less comfortable about adding stimulus.
Oil climbed to the highest price in almost six months (US$74.51/bbl) as Saudi Arabia was said to be tentative about raising output to mute the impacts of American sanctions against Iran, one of OPEC’s largest producers.
Gold reached the lowest in almost four months, weighed down by a stronger dollar and wavering haven- asset demand as corporate results reported early in the week were better than expected.
North American Lithium firms took an over half a billion-USD hit after Umicore issued a warning.
In This Issue:
Northern Star Resources (NST) | March Q production report| HOLD | Analyst | James Wilson
Agrimin (AMN) | Quarterly Report 31st March 2019| SPEC BUY | Analyst | Michael Eidne
China’s Coal Industry: More Investment in Coal, Less Investment in Thermal Power | Analyst | Helen Lau
Stealth Global (SGI) | Strategic initiatives | SPEC BUY | Analyst: Ian Christie
Austin Engineering (ANG), Industrials – Could WA buck the trend? Evolution Mining (EVN), Gage Roads (GRB)