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Emeco narrows EBITDA guidance

Company says it continues to deliver solid earnings in challenging market conditions ....

Ian Christie , Pitn Portal ,

ASX futures lower, AMP to pursue spin-off


ASX flat; AMP to pursue spin-off; Kogan slumps
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Gold at $US1800 back on the table
Vesna Poljak
Broker Macquarie has canvassed the possibility of gold at $US1800 an ounce if it can consolidate above the $US1765 an ounce level, which is optimistic for Perseus Mining, one of the gold juniors it rates outperform .
 
   
Perseus is expected to produce at the top-end of its guidance range in the second half, on the broker s estimates. Macquarie also favours Aurelia Metals and Bellevue Gold among the juniors.
From a macro perspective, Macquarie thinks the decline in bond yields and rally in gold is unlikely to be sustainable without a deterioration in economic data. Next week s FOMC meeting seems far too early for increased taper talk but the key question remains at what point does data prove sufficient for the market to start pricing tapering. ....

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