ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

17/07/2019 – Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 17/07/2019 – Argonaut Morning Note
    NextPrevious

    17/07/2019 – Argonaut Morning Note

    By Jonas Dorling | Morning Notes | 0 comment | 17 July, 2019 | 0

    Key News Overnight:

    US stocks fell from a record high as President Donald Trump said he could impose more tariffs on China. Treasuries dropped and the US dollar rose. The S&P 500 Index halted a five-day rally, with energy producers joining an oil sell-off.

    S&P/ASX 200 Index futures fell 0.2% to close at 6,641, the longest losing streak since March 13. The benchmark declined for a third day in a row. Galaxy Resources Ltd. was the best performer after second-quarter production exceeded guidance.

    Gold fell as stronger-than-expected US retail sales data and rising Treasury yields weighed against signs of an enduring slowdown in China. Focus now shifts to commentary on monetary policy ahead of the Federal Reserve meeting later this month.

    Oil slid for a second day as the US raised hopes of easing tensions with OPEC member Iran, while President Donald Trump’s threat of new tariffs on China rekindled fears about demand. Futures declined 3.3% in New York on Tuesday.

    Materials stocks in the US and Canada outperformed their respective benchmarks. Steel extended its rally for a second day after President Donald Trump signed an executive order boosting requirement to buy American iron ore and steel.

    In This Issue:

    Otto Energy (OEL) | SM71 Operations resume post-Hurricane Barry| BUY | Analyst | Michael Eidne

    BHP Group (BHP) | South Flank on schedule and budget | Not covered | No rating

    St George Mining (SGQ) | Trading Halt: capital raising | RESTRICTED | Analyst | Matthew Keane

    Recent Research:

    Austal (ASB) | Strong guidance | SELL | Analyst | Ian Christie

    Carnarvon Petroleum (CVN) | Quarterly Report June 2019| SPEC BUY | Analyst | Michael Eidne

    Botanix (BOT)| Encouraging results lead to a valuation update| SPEC BUY | Analyst | Michael Eidne

    Please read Argonaut’s Important Disclaimers & disclosures

    Log in to the client area below to download the full Morning Note

    No tags.

    Related Posts

    • 22/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: US stocks rose for a second day as banks rallied on regulator reassurance. The VIX volatility gauge tumbled as the S&P 500 added 1.3% to close above 4,000. Treasuries dived as tradersRead more

    • 21/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: U.S. stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved investors, while participants also weighed the likelihood ofRead more

    • 20/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession. In ThisRead more

    • 17/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: A strong rebound by financials helped Wall Street’s main indexes close firmly positive on Thursday, after some of the country’s largest lenders came to the rescue of embattled First Republic Bank. InRead more

    • 16/03/2023 – Morning note

      By Jonas Dorling | 0 comment

      Key News Overnight: U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smallerRead more

    NextPrevious

    Recent Posts

    • 22/03/2023 – Morning Note
    • Ramelius Resources (RMS) – Post Breaker
    • 21/03/2023 – Morning Note
    • GR Engineering (GNG) – Establishing A New Base
    • 20/03/2023 – Morning Note

    Archives

    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital