Key News Overnight:
The U.S. will no longer call China a currency manipulator. President Trump’s administration plans to lift the designation, first made in August, ahead of the signing of the Phase One trade agreement on Wednesday in Washington.
Tech shares led US benchmarks higher, ahead of earnings season and the trade deal signing. The US dollar fell against most G-10 currencies, but the pound was the worst performer on disappointing U.K GDP data.
ECB President Christine Lagarde asked policy makers to refrain from publicly discussing the bank’s impending strategy review and its parameters before she formally announces it on Jan. 23, which she also said will start early to consider all issues.
China’s trade may have rebounded ahead of the U.S. deal. Consensus is for exports to have risen 2.9% last month from a year earlier, flipping from November’s 1.3% drop. The surplus may widen to $45.7 billion.
Oil extended its biggest weekly decline since July as tensions in the Middle East eased, while gold fell on reduced demand for safe haven assets, closing at US$1,547.4.
In This Issue:
Stanmore Coal (SMR) | December Q results | BUY | Analyst | Matthew Keane
Agrimin (AMN) | Quarterly Report 31 December 2019 | BUY | Analyst | Michael Eidne
Resolute Mining (RSG) | Potential sale of Ravenswood to EMR Capital | Not covered | No rating
State Gas (GAS) | Production Testing of Nyanda-4 | Not covered | No rating
SRG Global (SRG) | Independence Group (IGO) | Myanmar Metals (MYL) | Macmahon (MAH) | OZ Minerals (OZL) | Northern Star (NST) & Saracen Mineral Holdings (SAR) | Decmil (DCG) | CTI Logistics (CLX)