Key News Overnight:
There’s a Brexit deal. There’s also a catch. The U.K. and EU reached a divorce agreement, but it still needs to win the backing of U.K. lawmakers with a vote expected on Saturday. Boris Johnson’s Northern Irish allies pledged to vote against it. Labour called for a second referendum and said Johnson’s “sell-out deal” should be rejected.
U.S. stocks climbed toward all-time highs amid a spate of mostly positive earnings reports. U.S. Treasuries were steady, while oil and gold edged up.
Asian stocks were little changed. Aussie stocks fell and Japanese shares nudged lower, the Aussie dollar strengthened on a strong jobs report.
Oil erased losses and rose as the stockpile draw-down on U.S. refined products outweighed a crude build-up. Most precious metals gained, led by silver. People familiar have said traders are moving nickel stockpiles from China to capture profits by delivering to the LME. At least 15,000 tons of refined nickel left bonded warehouses in China since September as it heads to LME storage facilities in Taiwan, Malaysia and Singapore.
In This Issue:
St Barbara Ltd (SBM) | Guidance update | BUY | Analyst | James Wilson
Antipa Minerals (AZY) | Drill program update | Not covered | No rating
Steel: Positive Demand Outlook Upon Macro Policy Support | Analyst | Helen Lau
Salt Lake Potash (SO4) | Stealth Global (SGI) | New lease accounting implications