Key News Overnight:
U.S. stocks fell to the lowest level since March, with the Dow Jones and S&P 500 down 0.9% and 0.8% respectively, amid what could be a protracted trade dispute with China.
A key slice of the US Treasuries yield curve is falling deeper into inversion as growing angst over trade friction is overshadowing expectations that the Federal Reserve will cut interest rates by year-end.
Oil climbed for a second day as supply risks from the Middle East to the U.S. Great Plains overwhelmed concerns that trade tensions will swamp energy demand.
The global copper market faces a production shortfall 60 times as big as last year’s deficit in less than a decade, as trade frictions compound companies’ qualms about investing in new projects, according to the world’s largest miner of the metal, Codelco.
Vale SA investors aren’t concerned by government warnings of the risk of a third tailings dam breach since 2015 for the world’s largest iron ore producer. Shares advanced 1.2% in Sao Paulo on Tuesday, a sixth straight gain in the longest winning streak in nine months.
In This Issue:
Next policy rate moves down | Ian Christie
Berkeley Energia (BKY) | Stock runs on favourable election outcome | SELL | Analyst | Matthew Keane
Peel Mining (PEX) | Depth extensions to Southern Nights | Not covered | No rating
Recent Research:
St Barbara Ltd (SBM), Otto Energy Ltd (OEL)
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