Key News Overnight:
The Australian government is urging banks to lend more and plans to boost spending on drought relief as part of a bid to speed economic growth by year-end, the Australian reported. Any QE would probably start with the purchase of residential mortgage-backed bonds, the newspaper said separately.
Hong Kong experienced its 21st weekend of unrest, with police firing tear gas at protesters in the Tsim Sha Tsui district who had blocked roads. Earlier, there were clashes in the more-remote Yuen Long area, and a peaceful city-centre rally.
More than a million people turned out for a demonstration in Santiago, demanding better pay, pensions, health care and education. Chilean President Sebastian Pinera lifted the state of emergency and the military ended a curfew in Santiago.
The EU is proposing to extend the Brexit deadline to Jan. 31, according to a draft seen by Bloomberg ahead of Monday’s meeting in Brussels. Under the plan, the U.K. would be able to leave the region earlier if both sides ratify the divorce deal in time.
Oil posted its biggest weekly gain in more than a month as supplies tightened and amid signs of progress on U.S.-China trade talks.
In This Issue:
Contracts awarded update | Analyst | Ian Christie
Cardinal Resources (CDV) | Namdini Feasibility Study | SPEC BUY | Analyst | James Wilson
Beach Energy (BPT) | FY20 Q1 Quarterly Report | Not covered | No rating
BCI Minerals (BCI) | FY20 Q1 Quarterly Report | Not covered | No rating
Botanix Pharmaceuticals (BOT) | Gage Roads (GRB)