Today’s Market View – Adriatic Metals, Altus Strategies, Resolute Mining and more…

Adriatic Metals* (ASX:ADT) – Latest drilling intercects deepest mineralisation so far at Rupice

Altus Strategies* (LON:ALS) – La Mancha strategic investment draws closer

Arc Minerals* (LON:ARCM) – High-grade copper assays in step-out drilling extends scale of Chezeya East discovery

SP Angel . Morning View . Thursday 05 12 19

Global auto sales fall on slower income growth

MiFID II exempt information – see disclaimer below

Adriatic Metals* () – Latest drilling intercects deepest mineralisation so far at Rupice

* () – La Mancha strategic investment draws closer

Arc Minerals* () – High-grade copper assays in step-out drilling extends scale of Chezeya East discovery

Cora Gold* () – Maiden Sanankoro resource lays the base for further upgrades

Europa Metals Limited () – Completion of first drillhole of campaign at Toral zinc, lead, silver project in Spain

() – Liquidators sell Hemerdon tungsten mine in Devon to Tungsten West Ltd £2.8m

Wolf Minerals (LON:WLFE) – LIQUIDATION

Resolute Mining (LON:RSG) – Drilling results from Mako, Senegal

Economics

Global auto sales are falling faster than at the height of the financial crisis with a drop of 4m vehicles in total sales expected in 2019, according to the lobby group for the German auto industry (VDA).

A separate study is not expecting sales to recover to the 2017 peak when 84.4m vehicles were sold for at least another four years (Center for Automotive Research).

Both VDA and Car highlighted the continued uncertainty caused by the US-China trade war, and to a lesser extent Brexit were weighing on European car sales.

India keeps interest rates unchanged as the Monetary Policy Committee pauses in its interest rate cutting cycle

India’s MPC cut growth forecasts to 5% from 6.1% while raising inflation expectations to 4.7-5.1%.

Currencies

US$1.1090/eur vs 1.1072/eur yesterday.  Yen 108.96/$ vs 108.71/$.  SAr 14.652/$ vs 14.572/$.  $1.313/gbp vs…

Source Link