Morning Notes

21/10/2015 Argonaut Morning Note

Overseas Market Report - U.S. Stocks End Modestly Lower on Mixed Earnings
U.S. stocks finished modestly lower on Tuesday after investors grappled with mixed earnings reports, while a selloff in the health-care sector weighed on the NASDAQ.

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20/10/2015 Argonaut Morning Note

U.S. stocks finished Monday's range-bound session marginally higher, as steep losses in energy stocks, following a drop in oil prices, weighed on the main indexes. China said its economy grew 6.9% in the third quarter, below the government's 7% target but above the 6.8% growth expected by economists. Other data released showed slowdowns in investment and industrial production, stoking ongoing questions about the accuracy of the overall growth numbers.

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19/10/2015 Argonaut Morning Note

U.S. stocks were choppy in early trading after a round of earnings reports, but staged a late rally to close higher on Friday.
U.S. retail sales were up 0.1% in September. Economists had expected a 0.2% rise. August's sales numbers were revised down to show no growth in that month. Sales were dragged down by a 3.2% decline in sales as gas stations. On a year-over-year basis, overall sales were up 2.4% or 4.9% excluding gasoline.

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16/10/2015 Argonaut Morning Note

U.S. stocks closed higher on Thursday as earnings season continued, while economic data diminished investors' expectations of a rate hike by the end of the year. The U.S. consumer price index fell 0.2% in September from the previous month thanks to low oil prices. Core inflation, which excludes volatile food and energy costs, was up 0.2% in the month. On a year-over-year basis, core prices were up 1.9%. The low inflation reading means there will be no cost of living increase in social security benefits next year.

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15/10/2015 Argonaut Morning Note

US. stocks finished lower on Wednesday after the release of disappointing earnings and economic data.
U.S. retail sales were up 0.1% in September. Economists had expected a 0.2% rise. August's sales numbers were revised down to show no growth in that month.

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