Morning Notes

22/01/2019 - Argonaut Morning Note

Key News Overnight: 

The International Monetary Fund downgraded its outlook for the world economy, predicting it will grow at its slowest pace in three years. It expects global growth of 3.5% for 2019, below the 3.7% predicted in October of last year;

Donald Trump and senior Democrats took their first steps toward a possible deal on immigration and border security over the weekend as the government shutdown enters its fifth week;

U.K. Prime Minister Theresa May refuses to rule out delaying Britain’s departure from the EU as Parliament moves to take over the process to avoid a damaging no-deal Brexit;

Copper’s recent rally halted after data showed China’s economy grew at its weakest pace in a decade in the last quarter. Copper declined at 1.3% to US$ 5,952/t;

Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity and U.S.-China trade talks leaving an uncertain outlook for demand. Brent crude rose modestly at 0.2% to US$62.83/bbl

Recent Research:

WAF, MOD, SWK, BHP, MIN, LYC, PRU, ERX,  CE1, PEX, SAR, MOD, ASB, PDN, SMR

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Argonaut Morning Note