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27/03/2019 – Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 27/03/2019 – Argonaut Morning Note
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    27/03/2019 – Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 27 March, 2019 | 0

    Key News Overnight:

    U.S. stocks rallied and Treasuries fell as investor concern over an economic downturn showed signs of easing. The dollar rose. Energy shares led gains in the S&P 500 Index as oil surged after Russia signalled commitment to output cuts;

    The inversion of the U.S. yield curve has released frustration among some investors who say the recession indicator is shot. The three-month to 10-year curve has reliably inverted before a downturn. That’s due to weakening expectations for growth and inflation raise demand for long-term securities, driving their yields below those on shorter maturities;

    Oil continued its torrid start to the year as bullish supply news from the world’s second-biggest producer and disruptions to refiners along the Houston Ship Channel kept futures on pace for the best first quarter since 2002;

    Gold dropped as investor concerns about the global growth outlook eased, sending treasury yields higher and dimming the metal’s haven appeal;

    Copper posted a fourth decline in five sessions on easing supply concerns and further signs of weakness in the U.S. housing market;

    In This Issue:

    Dacian Gold (DCN) | FY19 Guidance | BUY | Analyst | James Wilson

    Finbar (FRI) | Going into property management | Not covered | No rating

    Antipa Minerals (AZY) | 2019 Citadel exploration program | Not covered | No rating

    Cardinal Resources (CDV) | Ndongo East results | BUY | Analyst | James Wilson

    Recent Research:

    St Barbara (SBM), Commodity Prices, FX & Discount Rate Revision

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