Key News Overnight:
Donald Trump is seeking an EU trade deal before the U.S. election and expects negotiations to be tougher than those with China. In a wide-ranging Davos press conference, the president said the next round of talks with Beijing will include Hong Kong human rights.
China stepped up its efforts to contain the coronavirus outbreak, suspending outbound flights and rail service from Wuhan and halting travel by bus, subway and ferry in the city of 11 million at the centre of the widening crisis.
Boris Johnson’s Brexit deal cleared Parliament, ending almost four years of domestic political chaos. The agreement must now be formally ratified by the European Parliament on Jan. 29, before the U.K. leaves the EU at the end of the month.
Bridgewater’s Bob Prince, made the comment that the boom and bust economic cycle is over. He noted that the tightening of central banks all around the world “wasn’t intended to cause the downturn, wasn’t intended to cause what it did.”
Australia’s jobless and participation rates held at 5.2% and 66%, respectively, in December, according to a survey, with net employment gain projected to drop to 10,000 from November’s 39,900. Labour market conditions may soften going forward.
In This Issue:
CIMIC Group (CIM) | BICC review and impact | Not covered | No rating
Downer (DOW) | Trading update and revised guidance | Not covered | No rating
Metro Mining (MMI) | December Quarter production report | BUY | Analyst | Matthew Keane
Regis Resources (RRL) | St Barbara (SBM) | Agrimin (AMN)