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08/08/2019 – Argonaut Morning Note

| Morning Notes | 8 August, 2019

Key News Overnight:

Global markets closed yesterday relatively unchanged, with the Dow Jones down 22 points and the S&P 500 up 2 points. The ASX All Ords index finished up 42 points, recovering some of the previous day’s losses.

Investors are weighing how to react to a wave of monetary easing by central banks across the world as global bond yields fell to new lows amid fear of a global recession.

Donald Trump stepped up his assault on the Fed, renewing his demands for “bigger and faster” rate cuts. “Incompetence is a terrible thing to watch,” he wrote in a series of tweets that shrugged off concerns about China.

After a two-year slide, Australian house may have bottomed out, sending buyers back to the market. Home values in Sydney have risen in each of the past two months, according to CoreLogic, ending a 15% slump from the July 2017 peak.

The economic fallout from the political protests in Hong Kong is broadening, with Cathay Pacific being the latest to say its business is taking a hit. Ticket sales dipped as fewer people took Cathay flights into Hong Kong in July.

In This Issue:

Interest rates and the A$ | Ian Christie

Stanmore Coal (SMR) | Non-binding, indicative takeover proposal | BUY | Analyst | Matthew Keane

Centaurus Metals (CTM) | Option to acquire large scale nickel deposit | Not covered | No rating

Otto Energy (OEL) | “Bulleit” well intersects oil pay in the deeper zones| BUY | Analyst | Michael Eidne

Recent Research:

Saracen Mineral Holdings (SAR)

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  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program
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