PRE-MARKET AUSTRALIAN STOCK NEWS: WTI crude rose more than 1% to over USD 57/bbl; PM Turnbull ruled out a banking royal commission

Austock (ACK AT)
- Co. reports Q1 FUMA rose 12% Y/Y to AUD 2.46bln. (Newswires)

Prima BioMed (PRR AT)
- Co. secures European patent grant for lead product IMP 321 for cancer treatment. (Newswires)

Santos (STO AT)
- Co. enters into a gas supply agreement with Wesfarmers chemicals and energy business. (Newswires)

Sonic Healthcare (SHL AT)
- Co. affirms FY18 underlying EBITDA to increase between 6%-8%. (Newswires)

Wesfarmers (WES AT)
- Co. CEO confirms they will not spin-off Bunnings unit. (Newswires)  

- Australian PM Turnbull reportedly ruled out a banking royal commission which dismisses conflicting reports that the government discussed reversing its opposition of the issue. (The Australian)

Basic Materials / Energy
- Spot gold was relatively flat.
- WTI crude futures rose 1.2% to above USD 57/bbl.

Other News
- RBA Governor Lowe stated that there is 'not a strong case' for near-term change in interest rates with the bank paying attention to soft wage growth, while he also commented that he continues to see the likely next move in rates to be a hike rather than a reduction. (Newswires)

21 Nov 2017 - 22:45- Research Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: