Key News Overnight:
U.S. stocks fell amid concern that a preliminary trade deal with China remains elusive. Trading was thinner than usual and the Treasury market was closed due to the Veterans Day holiday. The dollar declined against almost all of the G-10.
Carrie Lam condemned violence and urged calm but offered no new initiatives to resolve Hong Kong’s unrest. The comments came at the end of a brutal day that saw police officers shoot a demonstrator and drive a motorcycle into a crowd, and a man set alight. The MTR closed eight stations early, the University of Hong Kong cancelled all classes on Tuesday.
Boris Johnson got a big election boost when Nigel Farage said his Brexit Party won’t contest any of the 317 Conservative parliamentary seats up for grabs on Dec. 12. Farage said he’ll instead concentrate on fighting Labour, which wants a second referendum, and the Liberal Democrats, who want to ditch Brexit.
Crude oil futures were lower after earlier trading at a six-week high. Gold slipped while silver gained and nickel fell below $16,000 as Indonesia cleared some producers to export ore after a brief suspension. Prices slumped 4% in London and are now back at levels last seen in August.
In This Issue:
Salt Lake Potash (SO4) AGM Update | BUY | Analyst | Michael Eidne
St George Mining (SGQ) | Deep Ni/Cu intercept at Mt Alexander| SPEC BUY | Analyst | Matthew Keane
China Macro: Stronger than expected Import and Exports Strengths | Analyst | Helen Lau
Recent Research:
Swick (SWK) | Perenti (PRN) | Decmil (DCG) | Cardinal Resources (CDV)
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