Morning Notes

27/10/2015 Argonaut Morning Note

U.S. stocks closed mostly lower on Monday after last week's gains and disappointing housing data. New home sales fell 11.5% in September to an annual rate of 468,000, well below the 550,000 rate expected by economists. August's data was also revised lower. The data raised fears that the housing market may be slowing.

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26/10/2015 Argonaut Morning Note

U.S. stocks closed higher on Friday after upbeat tech company earnings and a Chinese rate cut. The People's Bank of China cut its benchmark interest rate by 25 basis points to 1.5%. The move comes as the Chinese government looks for ways to kick start its slowing economy.

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23/10/2015 Argonaut Morning Note

U.S. stocks rose on Thursday on the back of some better-than-expected earnings and signs that the European Central Bank may embark on further stimulus measures.As expected, the ECB kept its monetary unchanged. In his comments, ECB head Mario Draghi said the Eurozone is likely to keep feeling the impact of the slowdown in emerging markets. In light of this, he said the bank would need to reconsider the size of its monetary stimulus at its December meeting.

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22/10/2015 Argonaut Morning Note

U.S. stocks ended lower on Wednesday in an up-and-down trading day, weighed by selling in energy, materials and health-care stocks.
There were no major economic data releases on Wednesday.

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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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