ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

27/2/2020 – Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 27/2/2020 – Argonaut Morning Note
    NextPrevious

    27/2/2020 – Argonaut Morning Note

    By Jonas Dorling | Morning Notes | 0 comment | 27 February, 2020 | 0

    Key News Overnight:

    US stocks failed to sustain early gains, sending the S&P 500 and Dow lower for a fifth day as jittery investors digested coronavirus developments.

    Signs of distress regarding the impacts of the coronavirus were evident in areas outside of the stock market last night. Gold prices spiked 0.8%, copper prices fell, iron ore plunged, and oil prices fell in excess of 2%.

    The Aussie dollar dropped 0.7% yesterday, to trade as low as 0.6552—at lows not witnessed since the very depths of the Global Financial Crisis.

    The $2.6 trillion international bond market has come to a virtual standstill as the coronavirus spreads fear through company boardrooms. In the U.S., Wall Street banks faced their third straight day without any bond offerings, a rarity outside of holiday and seasonal slowdowns. European debt bankers had their first day of 2020 without a deal on Wednesday.

    Saudi Aramco is starting early preparations for an international IPO and is discussing with Wall Street banks scenarios for a second listing. An overseas listing is seen as unlikely to take place this year given market conditions and a weak outlook for commodity prices.

    In This Issue:

    SRG Global (SRG) | $72m construction package | BUY | Analyst | Ian Christie

    CTI Logistics (CLX) | Interim results | HOLD | Analyst | Ian Christie

    St George Mining (SGQ) | Exploring in the Patterson Province | SPEC BUY | Matthew Keane

    Recent Research:

    GR Engineering (GNG) | SRG Global (SRG) | Hot Chili (HCH) | Exore Resources (ERX) | MacMahon (MAH)

    Please read Argonaut’s Important Disclaimers & disclosures

    Log in to the client area below to download the full Morning Note

    No tags.

    Related Posts

    • 20/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession. In ThisRead more

    • 17/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: A strong rebound by financials helped Wall Street’s main indexes close firmly positive on Thursday, after some of the country’s largest lenders came to the rescue of embattled First Republic Bank. InRead more

    • 16/03/2023 – Morning note

      By Jonas Dorling | 0 comment

      Key News Overnight: U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smallerRead more

    • 14/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: Sliding bank shares dragged Wall Street down on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy and the Nasdaq composite actually ended higher asRead more

    • 13/03/2023 – Morning Note

      By Jonas Dorling | 0 comment

      Key News Overnight: Wall Street’s indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. banks after the failure of a high-profile lenderRead more

    NextPrevious

    Recent Posts

    • 20/03/2023 – Morning Note
    • 17/03/2023 – Morning Note
    • 16/03/2023 – Morning note
    • Acquisition of Vango Mining by Catalyst Metals marks the first step to controlling a third highly prospective Australian gold belt
    • 15/03/2023 – Morning Note

    Archives

    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital