Key News Overnight:
US stocks fell overnight amid weak economic data and reports that Donald Trump will declare a national emergency, despite another government shutdown being averted. The Dow Jones slipped 0.4% to 25,439 while the S&P 500 fell 0.3% to 2,746;
The Senate passed a spending bill to avert another government shutdown, after the White House said President Donald Trump will sign the measure and declare a national emergency to secure additional funds for the barrier;
President Donald Trump is considering extending the deadline for imposition of tariff increases on Chinese imports by 60 days, as little progress was made between the two countries during trade talks in Beijing;
Gold surged overnight following data that US retail sales fell the most in nine years, a key signal of softening economic momentum, boosting the metal’s safe haven demand. Gold rose 0.1% to $US 1,312.3/oz;
Brent crude reached its highest level for 2019 overnight, but gains were capped by concerns over weakening demand following soft US retail and unemployment data. Brent crude rose 1.6% to $US 64.62/bbl.
In This Issue:
Gold Road Resources (GOR) | 2019 Guidance | BUY | Analyst | James Wilson;
Myanmar Metals l (MYL) | Significant Resource Upgrade |SPEC BUY | Analyst: Matthew Keane;
Triangle Energy (TEG) | Initiation Report | SPEC BUY | Analyst: Michael Eidne;
Merdeka Copper Gold, Tbk (MDKA.IDX) December Q Production report | BUY | Analyst: James Wilson;
Carnarvon Petroleum (CVN) | Initiation Report| SPEC BUY | Analyst: Michael Eidne;
CTI Logistics (CLX) | Hard work in WA | BUY | Analyst: Ian Christie
Recent Research:
MYL, TEG, MDKA.IDX, CVN, CLX, Thermal Coal: High Inventory Weighing on Prices
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