Key News Overnight:
China / US trade talks ended yesterday, with some optimism but little detail; The divide between the border wall proponents and the Democrats is as wide as ever, extending the US Government shutdown; US stocks rose on trade and the more dovish approach outlined in minutes of the latest Fed meeting; The Dow climbed 0.4% (92 points) to 23,879 and the S&P 500 by a similar amount to 2,585;
The oil price continues to surge, up 23% since its pre-Christmas low, with WTI now at $52.36/bbl and Brent at $61.35/bbl; Spreads on corporate debt have narrowed as investors appear to be prepared to take on more risk at the start of 2019; China’s car sales fell for the first time in more than 20 years in 2018
Recent Research:
DCN, ATU, Energy, OEL, Cyclical Industrials, ANG, ASL, DCG, GNG, PEA, SXE, SRG, SWK, VMX
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