Key News Overnight:
Special Counsel Robert Mueller found no evidence of collusion with Russia but failed to exonerate President Trump on obstruction of justice even though AG William Barr said he didn’t find enough evidence to pursue an obstruction charge;
The yield spread between 3-month US bills and 10-year treasury notes inverted for the first time since 2007 on Friday following weak European and U.S. manufacturing data, which also pushed 10-year German bund yields below zero;
Global oil prices fell on Friday with traders worried about the outlook for global crude demand. Traders reacted to weak manufacturing data in Germany and France but supporting prices was data showing that the number of oil rigs in operation in the US fell to 12-month lows in the latest week;
Investor doubts are growing over plans for the biggest merger in gold mining. The spread between Goldcorp Inc.’s U.S. shares and the implied price of Newmont Mining Corp.’s proposed offer to buy the miner widened on Friday to the highest in 3 weeks;
Global miners BHP Group and Glencore Plc halted output at energy and metals operations as two cyclones hit Australia for the first time since 2015;
In This Issue:
LNG Spot Prices drop to 3-year lows vs highs on Australia’s East coast | Analyst |Michael Eidne
Dacian Gold (DCN) | FY19 Guidance and production update | BUY | Analyst | James Wilson
Logicamms (LCM) | Proposed merger with OSD | Not covered | No rating
Calima Energy (CE1) | Calima-2 Initial Results | Not covered | No rating
Recent Research:
PNL, SBM, Commodity price, FX & Discount Rate Revision
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