Key News Overnight:
US stocks fell from record highs amid corporate results, while the euro swung between gains and losses and European bond yields climbed from all-time lows. All S&P500 sectors closed lower a day after the benchmark index closed at an all-time high.
Secretary of State Michael Pompeo said he would be willing to travel to Tehran to address the Iranian people about US foreign policy as the Trump administration applies maximum pressure on the Islamic Republic to renegotiate a nuclear accord.
Gold declined after ECB President Mario Draghi said the risk of a recession is still low, curbing demand for the metal as haven. The ECB’s Governing Council expects “rates to remain at their present or lower levels at least through the first half of 2020”.
The mining industry split on who bore responsibility for carbon emissions caused by smelting iron ore into steel. The debate came to the forefront this week after BHP Group’s chief said miners need to tackle their role in global warming.
Glencore Plc opened a new blending plant in Taiwan to prepare potentially hazardous copper ores for smelting amid a surge in high-arsenic material hitting the market.
In This Issue:
Mineral Resources (MIN) | June Q Results | Not covered | No rating
Oceana Gold (OGC) | June Q Results | Not covered | No rating
Coking Coal: Short-term Seasonal Headwinds | Analyst | Helen Lau
Evolution Mining (EVN) | June Q Report| SELL | Analyst | James Wilson
St Barbara Ltd (SBM) | June Q Report |HOLD | Analyst | James Wilson
OZ Minerals (OZL) | Trending Well | BUY | Analyst | Matthew Keane