Key News Overnight:
U.S. President Trump dialled back the trade rhetoric, once again asserting China wants to make a deal “very badly” and praising Beijing’s chief negotiator, Vice Premier Liu He. The president said at a press conference from the G-7 summit in France. “Still, any deal will have to address the trade imbalance and be better for us,” Trump said.
U.S. stocks rallied on Trump’s trade remarks, with the dollar strengthening against most G-10 peers and 10-year Treasury yields holding close to a three-year low. Oil dropped while gold stayed above $1,525/oz. LME metals trading was closed due to the British holiday. Asian equity futures are pointing higher.
Boris Johnson told other EU leaders that U.K. lawmakers can’t stop Brexit from happening Oct. 31, officials said. In later comments from the G-7 summit, the British prime minister said he’s marginally more optimistic on a new divorce deal. Still, he refused to say he wouldn’t suspend parliament.
G-7 countries agreed on a $20m aid package to help Amazonian countries fight wildfires, the AP reported. Brazilian President Jair Bolsonaro said the agreement treats the region like a colony.
In This Issue:
Has US Oil Production Peaked? | Analyst | Michael Eidne
Northern Star Resources (NST) | FY19 Result | HOLD | Analyst | James Wilson
Sandfire Resources (SFR) | FY19 Financial Results| HOLD | Analyst | Matthew Keane
SRG Global (SRG) | FY19 results | HOLD | Analyst | Ian Christie
Recent Research:
Matrix (MCE) | Pacific Energy (PEA) | Paringa Resources (PNL) | Atrum Coal (ATU) | Western Areas (WSA) | St George Mining (SGQ) | Gage Roads (GRB)
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