Key News Overnight:
U.K. voters will head to the polls Dec. 12 in an early general election that’ll be seen as a proxy referendum on Brexit. It’s likely their last chance to choose between parties offering to cancel the divorce or force a hard exit no matter what.
U.S. stocks meandered lower in a lacklustre session before a likely Fed rate cut Wednesday. The S&P 500 retreated from a fresh record, while the Nasdaq fell in the wake of disappointing earnings from Alphabet and Akamai.
Australian inflation may have picked up in the third quarter on increasing demand pressures, but will probably remain below the central bank’s target.
Oil declined for a second day amid renewed signs of swelling crude inventories in the U.S. Gold fell as traders await the Fed decision, Nickel fluctuated before closing higher.
The World Bank cut its price forecasts for commodities, saying the global economy is poised to decelerate more than expected, sapping demand for energy, metals and crops. Crude may average $58 in 2020, compared with its April prediction of $65. Copper is expected to average $6,150 a ton next year, down from a prior forecast of $6,680.
In This Issue:
RBA commentary on interest rates | Analyst | Ian Christie
Mincor Resources (MCR) | Standout Nickel hits at Cassini | Not covered | No rating
Nickel: Prices Softness Despite Indonesia’s Immediate Nickel Ore Export Ban | Analyst | Helen Lau
Matrix (MCE) | Dacian Gold (DCN) | Botanix Pharmaceuticals (BOT) | Gage Roads (GRB)