Key News Overnight:
U.S. stocks halted a three-day advance after disappointing results from Goldman Sachs Group Inc. and Citigroup Inc. dragged down bank shares. The S&P 500 Index slipped from a six-month high as the U.S. corporate earnings season kicked into high gear.
Oil retreated after its longest run of weekly gains in three years, as disappointing bank earnings revived uncertainty about the strength of the economy.
Zinc declined in a mixed session for industrial metals on signs of increased supply. Copper edged lower after rising Friday as upbeat data out of China combined with optimism over trade talks with the U.S.
Glencore Plc’s Democratic Republic of Congo unit will restart some cobalt exports after it halted sales last year due to low levels of radioactivity.
Gold fell close to this month’s low as optimism about U.S.-China trade negotiations and positive economic data from China reduced demand for bullion as a haven asset.
In This Issue:
West African Resources (WAF) | Optimised Feasibility | BUY | Analyst | James Wilson
Hazer Group (HZR) | Quarterly Report 31 March 2019 | SPEC BUY | Analyst | Michael Eidne
Rio Tinto (RIO) |March Q Results | Not covered | No rating
Perseus Mining (PRU) | Quarterly Report | Not covered | No rating
OZ Minerals (OZL), Pantoro Ltd (PNR), Stanmore Coal (SMR)
Please read Argonaut’s Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note PDF