1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The ticking clock on the US-Iran ceasefire deadline unsettled investors this Tuesday, with the markets slipping in early trade before closing virtually flat. The S&P/ ASX 200 closed lower by 3.90 points to 8,949.40.
Oil trimmed overnight gains as Iran noted it was open to a second round of negotiations in Pakistan. The energy sector fell 1.1%.
Safe haven assets also slipped, with gold producers Northern Star and Evolution Mining slipping 0.8% and 1.7% respectively.
Elsewhere, the rotation into defensive names saw Droneshield surging 5.5% as global tensions continue to test markets.
In company news; Rio Tinto published its quarterly update, noting production up 13% and sales up 2% to gain 0.9% despite a broader sector selloff.
Lynas Rare Earths also posted record quarterly revenue of $265-million dollars, however shares shed 1.8% in line with wider industry trends.
Staying on theme, West African Resources will sell a 25% in its Kiaka Gold Operations to Burkina Faso's state owned miner for $175-million dollars. The gold producer aims to complete this transaction by the end of the year.
Markets don’t get a breather tonight, as President Trump is set to speak in an interview with CNBC, designated Fed chairman Kevin Warsh testifies, and US core retail sales data is released.
