Key News Overnight: As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally. In this issue: Mining Services AGM Wrap | Positive Tone | Ian Christie GRRead more
Key News Overnight: The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve monetary policy. In this issue: Develop Global (DVP) | Underground contract at Mt Marion |Read more
Key News Overnight: U.S. stocks edged lower on Wednesday as a robust upward GDP revision eased recession fears, while Federal Reserve officials’ remarks raised questions about the duration of the central bank’s restrictive policy. The Nasdaq joined the S&P 500 in negative territory, while the Dow ended nominally higher, as investors took a wait-and-see positionRead more
Key News Overnight: U.S. stocks ended with modest gains on Tuesday as investors parsed conflicting remarks from Federal Reserve officials, with upbeat consumer data providing some lift. In this issue: NRW Holdings (NWH) | AGM update | Not Covered / No Rating Deep Yellow (DYL) | Tumas 3 MRE upgrade | Not Covered / NoRead more
Key News Overnight: U.S. stocks edged lower on Monday, with investors taking a post-Thanksgiving pause. MSCI’s global equity index fell on Monday and U.S. Treasury yields fell while investors digested weak U.S. housing data and waited for key inflation readings later in the week. In this issue: Westgold Resources (WGX) | Big Bell expansion approvedRead more
Key News Overnight: U.S. stocks ended little changed in holiday-shortened trading on Friday, with low volume and conviction as investors watched the start of the seasonal shopping season for signs of consumer resiliency. In this issue: Perseus Mining (PRU) / OreCorp (ORR) | PRU Strategic Investment | Analyst Transition FireFly Metals (AUT/FFM) | AuTECO NameRead more
Key News Overnight: Trading activity was lighter with U.S. markets closed for the Thanksgiving Day holiday. World equity markets added to their best month since the COVID vaccine breakthroughs of late 2020 as Europe digested another far-right election shock and oil skidded after OPEC+ postponed its weekend meeting. In this issue: Austal (ASB) | StrategicRead more
Key News Overnight: U.S. stocks ended higher on Wednesday, led by interest rate-sensitive megacaps, while the dollar bounced back from a 2-1/2-month low as economic data suggested the labor market is not cooling as quickly as markets, or the Federal Reserve, might prefer. In this issue: GR Engineering (GNG) | Visibility | BUY | AnalystRead more
Key News Overnight: U.S. stocks dipped on Tuesday and gold touched a two-week high while minutes from the Federal Reserve’s most recent meeting showed the central bank is “in a position to proceed carefully.” In this issue: Westgold Resources (WGX) | $100M Corporate Facility | BUY | Analyst | Ben Crooks Perenti (PRN) | ConfirmsRead more
Key News Overnight: Wall Street’s three major stock averages closed higher on Monday with Nasdaq’s 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives. The Nasdaq boasted its highest closing level since 31 July while the S&P 500 registered its highest close since 1 August.Read more
