Morning Notes

13/02/2019 - Argonaut Morning Note

Key News Overnight:

US stocks gained overnight amid growing optimism over trade talks and a tentative deal made by American lawmakers to avert another government shutdown. The Dow Jones climbed 1.5% to 25,426 and the S&P 500 rose 1.3% to 2,745;

President Donald Trump says he is willing to extend the looming 2 March deadline for a 15% increase in Chinese tariffs if he feels a trade deal is close enough. As negotiators prepare for another round of talks in Beijing, it is expected that Trump and Xi Jinping will meet in mid-March to ink an agreement;

Copper registered a fourth straight loss overnight as concerns about the outlook for global economic growth weighed on base metals. Copper fell 0.7% to US$ 6,092/t;

Global oil prices rebounded from a two-week low overnight as Saudi Arabia promised to deepen production cuts. Brent rose 1.7% to $US 62.58/bbl, as Energy Minister Khalid Al-Falih says the Kingdom will remove a further 400,000 bbl/day of output in March

In This Issue:

Northern Star Resources (NST) | 1HFY19 Result| HOLD | Analyst | James Wilson;

Evolution Mining (EVN) | 1HFY19 Result| HOLD | Analyst | James Wilson;

Altech Chemicals (ATC) | Patent Granted for Kaolin to HPA Process | Not covered | No rating

Recent Research:

EVN, NST, ATC, OEL, TEG, MDKA.IDX, CVN, TEG, CLX, PPC, GCY, ASB, OEL

Please read Argonaut's Important Disclaimers & disclosures

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

 

Argonaut Morning Note