Morning Notes

11/02/2019 - Argonaut Morning Note

Key News Overnight:

Talks to avert another government shutdown over funding for border security deteriorated late on Saturday, impairing the prospects for a deal by Friday’s deadline;

Investors will be hoping the U.S. and China can put trade talks back on the road to a deal after President Donald Trump said he’s unlikely to meet President Xi Jinping before a March 1 deadline. Failure by US and Chinese negotiators to reach a deal by that date will raise the stakes in the trade war, with Trump threatening to double American tariffs on Chinese goods;

Gold rose Friday as global equities fell amid escalating trade tension, reinforcing the metal’s haven appeal. Gold climbed 0.3% to $US 1,309.8/oz;

Global oil prices rose modestly on Friday as Investors were reluctant to take fresh positions ahead of US-China trade talks. Brent crude rose 0.8% to $US 62.10

In This Issue:

CTI Logistics (CLX) | Hard work in WA | BUY | Analyst: Ian Christie;

Peet (PPC) | Interims preview | BUY | Analyst: Ian Christie;

Gascoyne Resources (GCY) | Site Visit | SPEC BUY | Analyst: James Wilson;

Austal (ASB) | Longer term confidence boost | BUY | Analyst: Ian Christie;

Otto Energy (OEL) | Otto Energy - Lightning Strikes: Green#1 is a discovery | BUY | Analyst: Michael Eidne;

Gage Roads (GRB) | First half update | BUY | Analyst: Ian Christie;

Recent Research:


Please read Argonaut's Important Disclaimers & disclosures

Log in to the client area below to download the full Morning Note PDF


Argonaut Morning Note