Key News Overnight:
The U.K. government is warning that Brexit negotiations are likely to go down to the wire, with the chance of a no-deal split casting a shadow over businesses right up to next month’s deadline;
Supply disruptions to seaborne Iron Ore markets are to be less than previously expected as Vale announced that its 40mt of supply cuts as a result of decommissioning its upstream tailings dams will be offset by increasing production elsewhere;
A strong US jobs report has eclipsed weak Chinese economic data to bolster the demand outlook for industrial metals. Several key industrial metals are expected to continue their rebound this year with a possible added boost from a US-China trade agreement;
OPEC crude output fell the most in two years last month as the group implemented close to 80 percent of its new production cuts deal. Brent crude rose 3.1% on Friday to $US 62.75/bbl
Recent Research:
ASB, MOY, OEL, GRB, FMG, IGO, DRM, BOT, GCY, DCN, SFR, G1A, OEL, SO4, MMI, MDKA.IDX, MOD
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