Australian shares to drop; Philip Lowe’s final speech as governor

News Snapshot:

23 mins ago – 7.18AM Bank of America commodity strategist Francisco Blanch said a stronger link has emerged between the price of coal in China and both Asian and European gas prices. “While Europe’s energy mix is changing very quickly, natural gas remains a key source of power generation, and Europe cannot afford to meet its energy needs if LNG imports were to plummet again as a result of low prices relative to Henry Hub and/or negative netbacks relative to JKM (a benchmark linked to Japan and Korea). “Just like Rockies coal is a floor to US Henry Hub gas...