Key News Overnight:
U.S. stocks ended barely changed from where they began despite positive U.S. manufacturing data. The ASX All Ords closed 22 points higher at 6,861 points.
The U.S. and Japan may fail to sign a trade accord this week as Donald Trump’s threat to place tariffs on Japanese cars has become an obstacle to the deal, the NYT reported. The two may instead release a joint statement and keep negotiating.
China’s top trade negotiator, Vice Premier Liu He, will go to Washington next week for talks, Treasury Secretary Steven Mnuchin said. Additionally, a planned visit by a Chinese delegation to U.S. farms that was cancelled last week has been rescheduled.
Europe blamed Iran for the strikes on Saudi oil facilities this month, siding with the U.S. and calling for an expanded agreement to constrain Tehran’s nuclear & missile programs. France, Germany and the U.K. said “no other explanation is plausible” for the attacks.
Trump denied pressuring Ukraine’s president to investigate Joe Biden in exchange for military aid. He’s accused the former VP of corruption without offering evidence, and said he’s considering releasing a transcript of his call with Volodymyr Zelenskiy.
In This Issue:
Nickel – Near-term headwinds from growing stainless steel inventories | Matthew Keane
Stanmore Coal (SMR) | 249D Requisition Notice withdrawn | SPEC BUY | Analyst | Matthew Keane
Strike Energy (STX) | West Erregulla-2 complete | Not covered | No rating
Red 5 (RED) |Regional near mine exploration at KOTH | Not covered | No rating
Recent Research:
Good Oil Conference 2019 Wrap: STX, FAR, OEL, TEG, COI | Atrum Coal (ATU) | Argonaut Quarterly Oil and Gas Sector Update
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