Today’s Market View – Europa Metals Limited, SolGold, Talga Resources and more…

Europa Metals Limited (LON:EUZ) – Additional drilling at the Toral zinc, lead, silver project in Spain
SolGold* (LON:SOLG) – Initial Blanca drilling shows visible gold in core
Talga Resources* (ASX:TLG) – Up to A$6.25m equity raise
Thor Mining (LON:THR) – Pump tests underway at Kapunda

SP Angel . Morning View . Friday 15 11 19

Cautious trade deal related optimism helps risk on sentiment

MiFID II exempt information – see disclaimer below    

 

Europa Metals Limited () – Additional drilling at the Toral zinc, lead, silver project in Spain

SolGold* () – Initial Blanca  drilling shows visible gold in core

Talga Resources* () – Up to A$6.25m equity raise

Thor Mining () – Pump tests underway at Kapunda

 

Dow Jones Industrials -0.01% at 27,782

Nikkei 225 +0.70% at 23,303

HK Hang Seng +0.01% at 26,327

Shanghai Composite -0.64% at 2,891

FTSE 350 Mining +1.81% at 18,283

AIM Basic Resources +0.25% at 2,103

 

Economics

US – White House economic adviser Larry Kudlow said Washington is getting close to a trade agreement with China.

  • China’s Commerce Ministry said the two countries are holding “in-house” discussions on a first phase trade agreement while adding that cancellation of tariffs is an important condition to reach a deal.
  • China has also ended a nearly five year ban on imports of US poultry meat that may be worth $1bn in annual shipments to China, Reuters reports.
  • Trade deal hopes support the risk on sentiment with US equity futures seen climbing while Treasuries and gold trading lower this morning.

 

China – The PBOC injects CNY 200bn ($28.6bn) into the banking system to ease tight liquidity in the interbank market that pushed up borrowing costs.

  • This is the second time it has done so this month.
  • The benchmark 7d repo rate, the indicator of general liquidity in China, climbed to 3.4% on Thursday before coming down to 2.75% this morning.

     

Mexico – The central bank cut its benchmark rate by…

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