Key News Overnight:
China wants some trade-deal flexibility from the U.S. as the coronavirus spreads. The government is hoping the Trump administration will agree to take the health crisis into account regarding delays in compliance with the phase one accord.
U.S. health officials are seeking emergency approval to roll out a test for the coronavirus without having samples shipped to the CDC for analysis. More than 25,000 flights to, from and within China will be cancelled this week.
BlackRock is warning investors that negative-yielding debt is a potential powder keg for portfolios after a $2.7 trillion surge in the sub-zero stockpile in a matter of days.
U.S. stocks rebounded from the worst week in six months after China added stimulus to its economy, though shares retreated from early highs amid fresh concerns over the disease’s impact. Tech led the advance while treasuries edged lower.
Oil production slumped by 500,000 barrels a day last month to 28.37 million a day based on data from officials, ship tracking data and estimates from consultants.
In This Issue:
Gage Roads (GRB) | First take on interim update | HOLD | Analyst | Ian Christie
Copper: Inventory Risks in China | Analyst | Helen Lau
Recent Research:
Construction – Risky Business | Botanix (BOT) | Salt Lake Potash (SO4) | Otto Energy (OEL) | West African Resources (WAF) | Independence Group (IGO) | Gold Road Resources (GOR) | OZ Minerals (OZL) | Northern Star (NST) | Oil and Gas Sector Update
Please read Argonaut’s Important Disclaimers & disclosures
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