Key News Overnight:
Global stock indices surged right across the globe, with record highs tumbling for several key markets. The US Dollar edged higher, pushing the Australian Dollar below the 69-cent level.
All three major US stock indices clocked all-time highs on Friday. On a day of very robust market activity, the benchmark S&P500 rallied 0.39 %, while the NASDAQ jumped 0.34% and the Dow Jones gained 0.17%.
Positive sentiment in global markets was fuelled by Chinese economic data on Friday. The GDP release was met with mixed emotions, printing at a forecast, but multi-decade low of 6.0%.
Oil prices will capture some level of attention today. The price of the commodity is expected to push higher to start the week, off the back of news that forces aligned to Libyan rebel leader Khalifa Haftar have blocked oil exports from leaving Libya.
UK Retail Sales data largely disappointed expectations. Retail Sales contracted a considerable -0.6% in the UK in the month of December, underwhelming the consensus estimate of 0.5%.
In This Issue:
Resources sector construction contract awards update | Analyst | Ian Christie
IGO Group (IGO) | Off-market Takeover Bid for PAN Offer Lapsed| HOLD | Analyst | Matthew Keane
Agrimin (AMN) | Lake Mackay Potash Resource Upgraded | SPEC BUY | Analyst | Michael Eidne
Red 5 Limited (RED) | KOTH Final Feasibility update | Not covered | No rating
Recent Research:
GR Engineering (GNG) | Pantoro Ltd (PNR) | Stanmore Coal (SMR) | SRG Global (SRG)
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