Today’s Market View – Glencore, Kodal Minerals, Metal Tigers and more…

Glencore (LON:GLEN) – Serious Fraud Office investigation starts in addition to US DoJ enquiry
Kodal Minerals* (LON:KOD) – Interim results and Bougouni progress report
Metal Tiger (LON:MTR) – Okavango copper project drilling

SP Angel . Morning View . Friday 06 12 19

Markets trade higher ahead of US Non Farm Payrolls

MiFID II exempt information – see disclaimer below

Glencore () – Serious Fraud Office investigation starts in addition to US DoJ enquiry

Kodal Minerals* () – Interim results and Bougouni progress report

Metal Tiger () – Okavango copper project drilling

Dow Jones Industrials +0.10% at 27,678

Nikkei 225 +0.23% at 23,354

HK Hang Seng +1.07% at 26,498

Shanghai Composite +0.43% at 2,912

FTSE 350 Mining +0.67% at 17,771

AIM Basic Resources -0.37% at 2,030

Economics

US – Equities are trading higher this morning ahead of the US labour data and as investors are looking for cues on US-China trade talks while new set of tariffs is due to come into effect mid-December.

US NFPs are expected to come in at 183k v 128k in October with average hourly earnings continuing at a strong 3.0%yoy growth rate.

On a Trump impeachment issue, House Speaker Nancy Pelosi announced Thursday that she will seek House committees’ approval to proceed with articles of impeachment on the back allegations that President requested Ukraine to launch an investigation targeting Joe Biden, a top contender for the Democratic presidential race nominee.

China – Beijing will waive import tariffs for some soybeans and pork imports from the US without disclosing the quantities involved.

China imposed tariffs of 25% on both US soybeans and pork in July 2018 as a countermeasure to US tariffs.

The waiver is seen as a positive signal in a protracted trade row between the US and China.

Japan – PM Abe launched a ¥13.2tn ($121bn) fiscal stimulus programme to cover typhoon related costs, upgrade infrastructure and invest in new technologies,…

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