Key News Overnight:
U.S. stocks eked out gains after manufacturing and housing data beat expectations. Treasuries slipped a tad, sending 10-year yields up one basis point. The pound sank after Boris Johnson revived the chances of a no-deal Brexit.
Volumes over the past several days were well above average, showing that there is indeed a fundamental repositioning going-on in the market after last week’s trade-war and Brexit developments.
The RBA’s minutes for its December meeting was the highlight of yesterday’s session. The RBA stuck to its line that the economy is at “gentle turning point”, but that rates will probably remain low for an “extended period”, and can still be lowered “if necessary”.
The Nord Stream 2 gas pipeline between Russia and Germany is unlikely to be delayed by impending U.S. sanctions because key construction will be completed before the penalties bite, according to Bloomberg NEF.
In This Issue:
Capricorn Metals (CMM) | Debt financing secured | Not covered | No rating
Salt Lake Potash (SO4) | SO4 secures a 50ktpa offtake with HELM AG | BUY | Analyst | Michael Eidne
Red 5 (RED) | Deeper drill results at KOTH | Not covered | No rating
Perenti (PRN) | State Gas (GAS) | Orthocell (OCC) | West Africa – Elephant country can be dangerous | Decmil (DCG) | SRG Global (SRG)