Key News Overnight:
U.S. stocks remained relatively unchanged as investors waited for China trade talk news amid a general lack of catalysts. Treasuries fell, with 10-year yields rising to near 2.52%, while the dollar lost ground against every G-10 counterpart
Saudi Aramco, the world’s largest oil company, has received $60 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt
Oil spiked to its highest level in five months as turmoil from Libya to Iran draw investors to a rally. Fighting in the Libyan capital intensified, while Trump said he would designate Iran’s Revolutionary Guard a terrorist group, escalating tensions in two of the world’s biggest crude producers
Gold gained the most in two weeks, underpinned by China’s steady pace of bullion purchases while a weaker dollar also lent support to raw materials. Platinum rose for a seventh day to the highest level since May
Copper and nickel rallied in London as Washington and Beijing were said to be making progress in trade talks, while Chinese data this week is expected to show improvement in March
In This Issue:
Stanmore Coal (SMR) | March Q – Record Production | BUY | Analyst | Matthew Keane
SRG Global (SRG) | Contract with KCGM | BUY | Analyst | Ian Christie
Rio Tinto (RIO) | Spending US$463m to develop Zulti South mineral sands project | Not covered | No rating
Mineral Resources (MIN) | Offering up to US$750m in Senior Unsecured Notes | Not covered | No rating
Imdex (IMD) | 3Q19 revenue up on pcp | Not covered | No rating
Recent Research:
SRG Global (SRG), Myanmar Metals (MYL)
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