Morning Notes

13/03/2019 - Argonaut Morning Note

Key News Overnight:

U.S. stocks capped a second day of gains, while Treasuries rallied after weak inflation data bolstered bets the Federal Reserve can stay patient. The S&P 500 gained 0.3% and the Dow Jones dropped 0.4%;

U.K. Prime Minister Theresa May’s Brexit deal was rejected once again by Parliament, throwing the country deeper into political turmoil and raising the prospect that the divorce will be delayed or even reversed;

Gold headed for a second gain in three sessions as U.S. inflation unexpectedly eased and traders saw less chance of U.K. lawmakers approving a Brexit deal;

Crude prices regained momentum after an oil- industry report showed an unexpected drop in U.S. fuel supplies;

Zinc climbed to an eight-month high, leading gains among industrial metals amid signs of tightening supply;

Recent Research:

Otto Energy (OEL) | Winx-1 well Update | BUY | Analyst | Michael Eidne

Triangle Energy (TEG) | Production Issues in the Cliffhead Oil Field | SPEC BUY | Analyst | Michael Eidne

Red 5 Limited (RED) | King of the Hills drill results | Not covered | No ratingDecreased Coal Import levels in Feb Driven by Import Controls | Analyst | Helen Lau

In This Issue:

OEL, TEG, RED, AKM, OZL

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Argonaut Morning Note