Key News Overnight:
U.S. stocks ended basically flat, with the S&P 500 stalling below all-time highs amid mixed data and mounting concerns over the China trade deal. Treasuries jumped, with 10-year yields down more than six basis points.
U.S. Senate is preparing for accelerated passage of a law that would support pro-democracy protesters in Hong Kong by placing the city’s special trading status under annual review. This bill is slightly different to the version passed by the House, so the two must be reconciled before going to President Trump for signature. Beijing and Hong Kong strongly object to the legislation.
“Radical violent crimes” in Hong Kong have “trampled on the rule of law.” That’s according to Xi Jinping, who said restoring order is the local officials’ most urgent task while reiterating his support of Carrie Lam. The city earlier denied reports it plans a weekend curfew. A 70-year-old man hit by a brick on Wednesday died Thursday night.
Oil futures in New York reversed earlier gains after EIA data showed U.S. stockpiles increased and domestic production rose to a record. Natural gas gained. Most base metals fell while precious metals including gold rose.
In This Issue:
WA Unemployment | Analyst | Ian Christie
Metals X Ltd (MLX) | Production still not delivering | Not covered | No rating
Energy Resources Australia (ERA) | $476m renounceable entitlement offer | Not covered | No rating
Argonaut’s 2019 Best Undeveloped Projects | Argonaut Research
Recent Research:
Argonaut’s 2019 Best Undeveloped Projects | St George Mining (SGQ) | Metro Mining (MMI) | Swick (SWK) | Perenti (PRN)
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