Key News Overnight:
The U.S. isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump said.
A remarkable night of European election results left leading politicians in both Britain’s main parties under pressure to embrace the extreme ends of the Brexit spectrum. Labor leader Jeremy Corbyn grudgingly promised to support a referendum on any Brexit deal, after his party sank to just 14% of the vote.
European stocks and bonds climbed after mainstream parties held their ground against populists in elections. The Stoxx Europe 600 Index rose, led by carmakers in the wake of Fiat Chrysler’s proposed merger with France’s Renault.
Iron ore has established a strong foothold above $100/t on concern there’s a global shortage in the seaborne market, with futures rallying after mainland port holdings posted another steep decline and a handful of banks upgraded their price forecasts.
Brent crude rebounded from last week’s rout as the outlook for supply disruptions from Iran and Libya helped offset concerns that a U.S.-China trade war will slow demand.
In This Issue:
Calidus Resources (CAI) | Geophysics shows exploration upside at Warrawoona | Not covered | No rating
Gold Road Resources (GOR) | Yamarna Exploration results| BUY | Analyst | James Wilson
Musgrave Minerals (MGV) | Lake Austin north drilling | Not covered | James Wilson
St Barbara Ltd (SBM), Otto Energy Ltd (OEL)
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