Key News Overnight: U.S. stocks jumped again, shrugging off horrible employment data on optimism the $2 trillion stimulus package will blunt the pandemic’s impact The U.S. is poised to overtake China in number of Covid-19 cases A record 3.28 million Americans filed jobless claims In This Issue: Pantoro Ltd (PNR) | Operations update Saracen Mineral HoldingsRead more
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Key News Overnight: U.S. stocks posted their first back-to-back gains since Feb. 12 Stocks fell from their highs late after a dispute arose in the Senate over unemployment benefits in the $2 trillion aid package Covid-19 cases reached 459,000, deaths topped 20,800 and more than 113,600 have recovered globally In This Issue: Hot Chili ResourcesRead more
Key News Overnight: U.S. stocks surged, with the Dow jumping 11% to post its biggest gain since 1933 $2 trillion stimulus bill to help the U.S President Trump said he wants to re-open the U.S. economy by Easter Australia extended its shutdown of non-essential services and banned travel abroad Oil futures settled 2.8% up andRead more
Key News Overnight: The S&P 500 and Dow closed off their lows but were still down 3% U.S. Senate Democrats again refused to advance a $2 trillion stimulus plan Australia’s parliament rushed through more than A$80b (US$46.5b) in emergency spending In This Issue: Austal (ASB) | Operations remain open Perenti (PRN) | Guidance withdrawn CarnarvonRead more
Key News Overnight: Angela Merkel is quarantining at home following contact with a doctor who tested positive to Covid19. Spain and Italy suffered their darkest days so far as deaths surged in both countries. One in five Americans will start the week in isolation. Australia unleashed an additional A$66b ($38b) in stimulus. In This Issue:Read more
Key News Overnight: Relatively positive night’s trade for stocks overnight. The S&P500 rose by 0.5 %, while the NASDAQ jumped 2.3 per cent. The RBA also joined in the fray yesterday to deliver emergency monetary stimulus. Despite its scope, the ASX200 appeared not to like what the RBA served up yesterday. Global oil prices roseRead more
Key News Overnight: Investors return to sell-everything mentality, stock markets plunged overnight. US stocks tumble, but bounce in post-market trade. US Dollar strength. The markets are pricing-in a 25-basis point cut to the cash rate. Global oil prices fell sharply on Wednesday to 18-year lows. In This Issue: Mineral Resources (MIN) | MIN Restructures Non-coreRead more
Key News Overnight: U.S. stocks rose in frenetic trading, rebounding from the biggest rout since 1987 U.S. stimulus package of up to $1.2 trillion COV-19 cases topped 196,000 globally, and deaths neared 7,900 Australia unveiled A$715m ($429m) of relief for regional airlines including Qantas and Virgin Australia Gold rallied for the first time in sixRead more
Key News Overnight: The S&P 500 plummeted 12%, the third straight day of intraday swings of at least 9% COVID-19 Cases topped 181,000 worldwide and deaths surpassed 7,100 The U.S. benchmark crude tumbled to a four-year low while gasoline futures in New York plummeted 23% to the weakest level since 2005 Lockdowns tightened across Asia, MalaysiaRead more
Key News Overnight: Economies continue to halt globally due to Covid-19. The ASX 200 rallied 13%+ intraday on Friday to finish up 4.4%. All major US indexes finished Friday up over 9%. The Trump administration declares Coronavirus a national emergency. The FOMC said in a statement that rates will stay near zero until it isRead more