Key News Overnight:
China’s markets reopen Monday after the coronavirus-induced extended holiday. Analysts anticipate the 150 billion yuan liquidity injection pledged by the PBOC to be insufficient to prevent the country’s stocks and currency from falling.
The U.K. has left the EU, and Boris Johnson is spoiling for a fight. He’s set to tell business leaders on Monday that he’ll walk away from trade talks with Brussels if he doesn’t get his way.
Two of five central banks are expected to cut rates next week to fend off economic slowdowns with inflation benign. Brazil may see a reduction to 4.25% on Wednesday, consensus shows, but watch to see if the BCB signals an end to the easing cycle.
Economists predict Australian building approvals to have fallen 5% in December after climbing 11.8% in November. Building approvals have declined 1.4% year on year.
Copper fell for a 13th straight day on Friday as units of State Grid Corp. of China, by far the world’s single-largest copper consumer, deferred some tenders to buy supplies as the nation combats the coronavirus.
In This Issue:
Austal (ASB) | Australian ops approved to bid for US Navy support | HOLD | Analyst | Ian Christie
Dacian Gold (DCN) | December quarterly results | HOLD | Analyst | James Wilson
Primero (PGX) | Contract awards | Not covered | No rating
Sovereign Metals (SVM) | New Rutile Prospect in Malawi | SPEC BUY | Analyst | James Wilson
West African Resources (WAF) | Independence Group (IGO) | Gold Road Resources (GOR) | OZ Minerals (OZL) | Northern Star (NST) | Oil and Gas Sector Update | Saracen Mineral Holdings (SAR) | Western Areas (WSA)