Global markets held up well again, the DOW up 109.26 points was a big improvement, S&P 5016 was up 13.26. Stocks surged on earnings with Apple and American Express leading the way. With a Fed meeting coming up and the likelihood of a rate cut probable, after last week's selloff investors are willing to scoop up some of the beaten-down shares. Zinc rose 20 usd to 2,900 usd a tonne
Would be a good day for MF to deliver the news on Perkoa assay results and debt funding. One these two are done and dusted expect the offtake agreements in November, when the new ex-BHP man comes onboard.
The other things to look out for this week:
CPI results in Australia - today Housing data out of the US tomorrow and a durables goods reading out on Thursday for further clues on the outlook for US economic growth and metals demand.
Seems like the rest of the US economy is helding its down, with Tech stocks doing very well.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)