Key News Overnight:
The S&P 500 is at a record high, but areas of the stock market with a reputation for economic foresight are sending warning signals that are reminiscent of the global financial crisis.
President Donald Trump imposed sanctions on Iran’s supreme leader, Ayatollah Ali Khamenei, and eight senior military commanders, a provocative step designed to increase pressure on the Islamic Republic.
U.S. Secretary of State Michael Pompeo arrives in India today aiming at building a global coalition against Iran to tackle trade issues. He’s seeking to strengthen ties in the Indo-Pacific region where America’s key economic rival, China, is expanding its reach.
Interest in gold surged after the Fed and other central banks turned more dovish, boosting prices to an almost six-year high. Investors poured into ETFs backed by the metal, adding about 32 tons on Friday in the biggest one-day inflow since July 2016.
Copper futures posted a slender gain after investors weighed a strike at the world’s top supplier against persistent demand concerns. Other metals closed higher, as traders turn their attention towards the G-20 meeting later this week.
In This Issue:
Data shows Hedge Funds have been selling oil futures weakening prices | Analyst | Michael Eidne
Ausdrill (ASL) | Significant work won this financial year | BUY | Analyst | Ian Christie
Sandfire Resources (SFR) | Trading halt pending potential acquisition | HOLD | Analyst | Matthew Keane
Ausdrill Ltd (ASL), Gold Sector Update, Commodity Outlook & June Quarter Preview, Botanix Pharmaceuticals (BOT)
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