Key News Overnight:
US stocks rose to fresh record levels last night, as some dovish commentary from a US Fed member kept the fire under risk and growth sensitive assets. The impeachment of US President Donald Trump did little to worry markets, with traders assuming that it’ll poses little long-term risk.
The China-U.S. trade deal will be signed and released in early January, Treasury Secretary Steven Mnuchin said. The first-phase pact is undergoing a technical and legal review.
Australian jobs data for November showed a 39,900 seasonally adjusted rise in jobs, far higher than expectations of a 14,000 increase by a Reuters poll.
Oil prices hovered near the highest in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day’s news that US crude inventories declined and as U.S.-China trade tensions continued to ease.
In This Issue:
A better year for oil in 2020? | Michael Eidne
OZ Minerals (OZL) | First concentrate from Carapateena | BUY | Analyst | Matthew Keane
Paladin Energy (PDN) | Consent given for the sale of Kayelekera | BUY | Analyst | Matthew Keane
Dacian Gold (DCN) | Board and Management changes| HOLD | Analyst | James Wilson
Recent Research:
Northern Star Resources Ltd (NST) | Bellevue Gold (BGL) | Salt Lake Potash (SO4) | Perenti (PRN) | State Gas (GAS) | Orthocell (OCC) | West Africa – Elephant country can be dangerous | Decmil (DCG)
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