Key News Overnight:
US markets declined overnight as weak Chinese trade data fuelled concerns about slowing global growth. The Dow Jones decreased 0.4% to 23,910 and the S&P 500 fell 0.5% to 2,583;
Base metals tumbled in London as a drop in Chinese trade underscored risks for demand and forward spreads on the London Metal Exchange pointed to a loosening supply. Lead declined the most overnight by 1.1% to US$ 1,968/t on the LME;
British investors are buying gold as increasing uncertainty over the outcome of Brexit boosts market volatility, according to The Royal Mint. The US gold price gained 0.3% overnight to US$ 1,291.20/oz;
OPEC plans to hold a meeting in March to assess their oil-production accord in Azerbaijan, ministers are expected to set policy in April according to the organisation’s top official;
Oil extended its decline overnight as China posted its worst import and export figures since 2016 and the US government shut down continued. Brent crude oil fell 2% to US$ 59.27/bbl
Recent Research:
ASL, SMR, MLX, PAN, CE1, Resources work in FY19, NTM, MGV, GRB, AMN, DCN, ATU, BKY
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