Key News Overnight:
The US Federal Reserve has cut the federal funds target from 1.75-2.00% to 1.50-1.75%. In determining future rate actions, the Fed said it “will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective.”
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease a trade war that has hurt the global economy, as raging street protests gripped the South American country.
The gold price rose by US$8.00 or 0.5%, Base metal prices were weaker by up to 2.6% on the London Metal Exchange on Wednesday with lead down the most. Zinc fell 0.7% and other metals fell 0.3-0.4%.
In This Issue:
Salt Lake Potash (SO4) | September 2019 Quarterly Report| BUY | Analyst | Michael Eidne
Resolute Mining (RSG) | September Quarterly Production | Not covered | No rating
Coal Companies’ 3Q19 Earnings Review | Analyst | Helen Lau
SCEE (SXE) | Matrix (MCE) | Dacian Gold (DCN) | Botanix Pharmaceuticals (BOT) | Gage Roads (GRB)