Key News Overnight:
U.S. stocks rebounded on Tuesday as the trade-war driven back-and-forth that has dominated markets this month showed few signs of lessening.
The embattled British prime minister Theresa May promised to give members of Parliament a vote on whether to call another referendum to ratify Britain’s divorce from the EU before she is forced out of office.
The U.S. has strong indications that European nations are coming around to the severity of the threat posed by China’s Huawei Technologies Co. and the dangers of incorporating its equipment into their coming 5G networks.
Copper extended its slide to the lowest level since late January as U.S. home sales unexpectedly cooled in April, adding to demand concerns for the metal that’s already reeling from persistent trade war discussions.
Gold fell to the lowest in more than two weeks as rebounding equities and a dollar strengthened by U.S.- China trade tensions eroded the metal’s allure as a haven.
In This Issue:
Fortescue Metals (FMG) | Queens Valley get the nod for development | HOLD | Analyst | James Wilson
CIMIC (CIM) | Infrastructure awards dominate | Not covered | Ian Christie
Macmahon (MAH) | Updated presentation | Not covered | Ian Christie
Neo Metals (NMT) | DFS for Barrambie Vanadium Project | Not covered | Matthew Keane
Recent Research:
Otto Energy Ltd (OEL)
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