Key News Overnight:
Trading in foreign exchange markets was especially subdued on Monday. Volatility in global currency markets is fading towards fresh record lows, as general optimism regarding global growth and accommodative central bank policy keep prices in check.
Oil was a small mover-and-shaker, rallying to begin the week, as traders digested the implications of the latest developments in the Libyan civil war, as well as continued civil unrest in Iraq, on global supply.
The IMF released its updated forecasts for world economic growth overnight. The organisation downgraded its projection for growth in 2020 to 3.3%, from its previous 3.5% estimate.
World leaders are gathering in Davos for the World Economic Forum, to tackle the big issues facing the global economy. Issues such as central bank and fiscal policy, international trade, climate change, and soaring global debt will be discussed extensively.
The Bank of Japan will also meet today. It is likely to keep interest rates on hold and announce no changes to its broader suite of policies.
In This Issue:
Pantoro Ltd (PNR) |High grade Scotia drill results| HOLD | Analyst | James Wilson
Angel Seafood (AS1) | December quarterly | SPEC BUY | Analyst | Ian Christie
Sirius Minerals (SXX-LON) | Anglo American agrees to buy Sirius Minerals | Not covered | No rating
GR Engineering (GNG) | Pantoro Ltd (PNR)