Key News Overnight:
European stocks traded mixed Monday afternoon as investors monitor ongoing political chaos in the U.K. and cautious hopes for policy stimulus from the world’s major economies after a series of weak data releases.
The euro fell to a five-day low against the dollar Monday as investors remained convinced the European Central Bank would introduce a new wave of monetary policy stimulus at its meeting on Thursday.
Chinese customs data showed the country’s exports unexpectedly fell in August, pointing to further weakness in the world’s second-largest economy.
Oil prices rose on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in his country’s oil policy.
Gold fell to an over two-week low on Monday, breaking below the key $1,500 support, as renewed risk appetite and gaining U.S. yields outweighed support for bullion from expectations for interest rate reductions by top central banks.
In This Issue:
Pacific Energy (PEA) | Trading Halt | Not covered | No rating
China Trade: Stimulus to Protect Growth | Analyst | Helen Lau
Recent Research:
CTI Logistics (CLX) | Stealth Global (SGI) | St George Mining (SGQ) | VRX Silica (VRX)
Please read Argonaut’s Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note
