Key News Overnight:
U.K. Prime Minister Boris Johnson had Parliament suspended from Sept. 12 until a new session begins with the Queen’s Speech on Oct. 14, only three days before a crucial EU summit on Brexit. PM insisted lawmakers will still have “ample time” to debate the divorce before the Oct. 31 deadline and said he’s not preparing for a general election.
The pound slumped on this Boris Johnson’s parliamentary proclamation. U.S. stocks gained amid light trading as a rally in Texas crude pushed energy shares higher. Gold retreated, nickel surged, and wheat slid in Chicago. Asian equity futures are mainly pointing up.
Copper prices could fall further in coming months as the U.S.-China trade war weighs on the global economy, Rabobank’s Piotr Matys said. A strong rebound for the metal to well above $6,000 a ton would be required to prevent a bearish technical scenario for emerging assets, the strategist added.
In This Issue:
Independence Group (IGO) | FY19 Financial Results | HOLD | Analyst | Matthew Keane
Perenti (Ausdrill) (ASL) | First take FY19 results | BUY | Analyst | Ian Christie
Lynas Corp. (LYC) | FY19 Financial Results | Not covered | No rating
Sheffield Resources (SFX) | Further binding offtake agreement | Not covered | No rating
SCEE (SXE) | Valmec (VMX) | Sandfire Resources (SFR) | SRG Global (SRG) | Austin Engineering (ANG) | GR Engineering (GNG) | Matrix (MCE) | Pacific Energy (PEA)