Morning Notes

21/01/2019 - Argonaut Morning Note

Key News Overnight: 

President Donald Trump put forward a proposal that includes $5.7 billion in funds for the border wall as he seeks to reopen negotiations with the Democrats in the midst of the almost month-long partial government shutdown;

Theresa May briefed her Cabinet on Sunday evening that there was little prospect of cross-party Brexit talks yielding a reasonable alternative plan to the one that Parliament resoundingly rejected last week;

Global oil demand remains on course to be stronger this year than 2018 as a boost from lower fuel prices counters slowing economic activity;

Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the US. Brent crude gained 2.5% Friday to US$ 62.70 bbl;

Copper rose for a fourth straight day as optimism over U.S.-China trade negotiations triggered an appetite for risk assets. Copper climbed 1.1% Friday to US$ 64.8/t

Recent Research:

SAR, SFR, ASL, GNG, CVN, WBE, Burkina Faso government mass resignation, Baker Hughes Rig Count in the US Plunges, RMS, GAS, ASB, PDN, SMR, CLX

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Argonaut Morning Note