Key News Overnight:
The SARS-like virus that’s killed at least 18 people spread to the financial hub as Chinese officials widened their travel ban beyond the epicentre of the outbreak. Vietnam had two cases and Macau reported its second case.
U.S. stocks extended the global selloff prompted by growing concern over the impact of the virus before steadying late in the session. Treasuries climbed, with 10-year yields dropping almost four basis points.
The ECB agreed to review its strategy for the first time since 2003. It may reset the inflation goal and study alternative measures of price growth. In her press conference, Christine Lagarde said there are signs of a moderate increase in underlying inflation in line with expectations.
Renaissance Technologies is undergoing a renaissance. The firm is doubling the number of members on its board and has promoted founder Jim Simons’ son as it reshapes the group of directors who will eventually oversee one of the world’s most lucrative hedge funds.
In This Issue:
Mineral Resources (MIN) | 31 December 2019 Quarterly Report | Not covered | No rating
K2Fly (K2F) | K2Fly sign a 5 year deal with Gold Fields Australia | Not covered | No rating
Sandfire Resources (SFR) | Tshukudu Exploration Update | BUY | Analyst | Matthew Keane
Copper to lead the charge in 2020 | SCEE (SXE) | Matrix (MCE) | Regis Resources (RRL) | St Barbara (SBM) | Agrimin (AMN)
Please read Argonaut’s Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note