Key News Overnight:
U.S. stocks ended the longest winning streak in 18 months on Tuesday amid renewed concerns about slowing global growth and an escalation of trade tensions. The S&P 500 fell for the first time in nine sessions;
The Trump administration threatened tariffs on the European Union while the International Monetary Fund (IMF) cut its global growth outlook to the lowest since the financial crisis;
European Council President Donald Tusk rejected Theresa May’s request for a brief postponement to the U.K.’s membership, saying it would create a “rolling series of short extensions and emergency summits, creating new cliff-edge dates”;
Gold advanced for a second day after the EU said it’s preparing retaliatory tariffs against the U.S. over subsidies to Boeing Co., as well as the Chinese Central Bank increasing it reserves;
Oil fell by the most in more than two weeks as Russian President Vladimir Putin clouded the outlook for production cuts that have helped power this year’s rally;
In This Issue:
St Barbara Ltd (SBM) |Purchase of Green Dam Project from Element 25 | BUY | Analyst | James Wilson
Valmec (VMX) | Adds to order book | BUY | Analyst | Ian Christie
Silverlake Resources (SLR) | Investing in TSX explorer Sarama Resources | Not covered | No rating
Ramelius Resources (RMS) | March Q Preliminary Production report | Not covered | No rating
Base Resources (BSE) | FY20 production guidance | Not covered | No rating
Recent Research:
Stanmore Coal (SMR), SRG Global (SRG), Myanmar Metals (MYL)
Please read Argonaut’s Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note PDF
