Key News Overnight:
Donald Trump was cleared in his Senate impeachment trial. Mitt Romney voted to convict The President for abuse of power, becoming the lone Republican to support removing him from office.
U.S. stocks rose for a third day amid rising optimism China’s coronavirus will be contained. The S&P 500’s three-day gain topped 3%, pushing it near an all-time high.
As coronavirus cases crept towards 24,600 with almost 500 deaths, the WHO pushed back against suggestions of imminent breakthroughs on vaccines or treatments.
OPEC has been unable to reach consensus for the third day. Russia favours extending current cuts for a longer period of time, while Saudi Arabia is pushing for deeper production curbs. Crude wiped out five days of losses.
Lower rates in Asia may be an upshot of the coronavirus. Consensus is for the Philippine central bank to trim by 25 basis points to 3.75% on Thursday.
In This Issue:
SCEE (SXE) | RIO Gove contract | BUY | Analyst | Ian Christie
Tietto Minerals (TIE) | Gage Roads (GRB) | Orthocell (OCC) | Hazer (HZN) | Construction – Risky Business | Botanix (BOT) | Salt Lake Potash (SO4) | Otto Energy (OEL) | West African Resources (WAF)