Key News Overnight:
US equity markets were up overnight as technology stocks rallied after China ratcheted up stimulus to combat slowing global economic growth. The S&P 500 gained 1.1% to 2,610 and the Dow Jones increased 0.7% 24,066;
Prime Minister May’s Brexit deal was rejected in a landslide defeat. The House of Commons voted 432 versus 202 against the deal that May’s government brokered with the European Union;
The Trump administration has ordered thousands of furloughed federal employees back to work without pay in attempt to limit the impact of the partial government shut down;+
Nickel extended the largest gains among base metals this year on optimism that additional demand from electric vehicles may deepen supply shortages. Nickel gained 2.7% overnight on the LME to US$ 11,661/t;
Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown. Brent crude oil gained 2.6% to US$ 60.55/bbl. overnight
Recent Research:
CLX, SMR, GRB, DCN, ATU, BKY, Argonaut WA Dashboard, China's December Import & Export Results+
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