Key News Overnight:
U.S. stocks rose above their record high at the start of a week packed with data that will provide clues on global economic growth. Financial shares led gains in the S&P 500 Index as traders also awaited earnings reports from some of the world’s largest companies.
Crude flipped between gains and losses as a severe crackdown on Iranian oil exports ticked closer. U.S. and international oil prices ended Monday’s trading session little changed from where they began the day.
Anadarko Petroleum Corp. plans to resume talks about a potential $38 billion takeover by Occidental Petroleum Corp., a move that threatens to scupper a previously agreed deal with Chevron Corp.
Iraq approved a plan to develop power stations in the country with help from Siemens AG, which has been vying with General Electric Co. to win a deal worth as much as $15 billion.
Latin America’s second-largest copper miner, Lima-based Southern Copper Corp, sees demand for the metal outstripping supply for several years, encouraging the company to continue heightening up investments in new output.
In This Issue:
Independence Group (IGO) | Strong March Q results| HOLD | Analyst | Matthew Keane
Regis Resources (RRL) | March Q report | Under Review (Prior HOLD) | Analyst | James Wilson
Austal (ASB) | Market presentation| BUY | Analyst | Ian Christie
Otto Energy (OEL) | Quarterly Report 31 March 2019 | BUY | Analyst | Michael Eidne
Western Areas (WSA), Dacian Gold (DCN), Agrimin (AMN), Northern Star Resources (NST)