Key News Overnight:
The record-setting U.S. stock rally shows little sign of slowing down. All three benchmarks surged to new highs, fuelled by signs consumer demand remains strong. Treasuries fell, with 10-year yields up three basis points.
The Senate passed Donald Trump’s U.S.-Mexico-Canada trade agreement, handing him a major political win just as his impeachment trial kicks off. The NAFTA overhaul was approved and heads to the president for his signature.
China’s GDP growth probably held at 6% last quarter, economists said, as policy support and reduced external pressures halted deterioration. Expansion picked up in January and the outlook has improved, Vice Premier Liu He said in Washington this week.
Australia’s housing market recovery remains on track, with lending data continuing to improve. Loan approvals to investors were surprisingly strong.
Palladium’s relentless surge continued, with prices crossing $2,300. Platinum reversed earlier gains. Oil rose on trade optimism, and natural gas futures fell to a fresh five-month low on anaemic winter heating demand in the U.S.
In This Issue:
Genesis Minerals (GMD) | December Quarter report | SPEC BUY | Analyst | James Wilson
Rio Tinto (RIO) | December Q results | Not covered | No rating
Red River Resources (RVR) | December Q results | Not covered | No rating
Alkane Resources (ALK) | Roswell and San Antonio drilling | Not covered | No rating
Recent Research:
GR Engineering (GNG) | Pantoro Ltd (PNR) | Stanmore Coal (SMR) | SRG Global (SRG)
Please read Argonaut’s Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note
