Key News Overnight:
U.S. equities edged lower as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1%. The S&P 500 Index fell for the second time in three sessions.
Citigroup Inc. is preparing hundreds of job cuts at its slumping trading division as more of the world’s largest firms respond to dormant clients with layoffs. The firm plans to slash jobs across its fixed-income and stock-trading business throughout 2019.
Gold is treading water as investors awaited developments from U.S.-China trade talks this week, while widely anticipating the first interest-rate cut in more than a decade from the US Federal Reserve.
Lithium miners are bulking up for a booming future when electric cars go mainstream. But speed bumps loom, with prices tumbling on a burst of new production and demand growth slowing in China.
Iron ore futures fell after port stockpiles in China expanded for a second straight week, posting the first back-to-back increase since March, while mainland steel futures sagged to the lowest close in more than a month.
In This Issue:
Northern Star Resources (NST) | June Quarter production report | HOLD | Analyst | James Wilson
Pantoro Ltd (PNR) | June Quarter production report | BUY | Analyst | James Wilson
Swick (SWK) | Meets FY19 guidance | SPEC BUY | Analyst | Ian Christie
Resolute Mining Ltd (RSG) | June Quarter production report | Not covered | No rating
Pacific Energy (PEA) | Bid recognises value and visibility | HOLD | Analyst | Ian Christie
Evolution Mining (EVN) | June Q Report| SELL | Analyst | James Wilson
St Barbara Ltd (SBM) | June Q Report |HOLD | Analyst | James Wilson