Market Update & Important Indicators:
U.S. stocks ended mixed, with multinational companies rising and domestically focused small caps declining the most since July; The S&P/ASX 200 index slid 0.6 percent to close at 6,172.30, the worst start to a new month since March; Oil surges to its highest since 2014 as global supply concerns rise; Crude futures gained 2.8 percent in New York on Monday as U.S. sanctions dissuaded importers from purchasing Iranian oil; China Steel production set to peak in 2018 and forecasted decline in 2019 according to Australian Department of Industry, Innovation & Science; Gold falls after declining a sixth straight month due to the agreement on a reworked North America trade deal; Alcoa, Rio push for Aluminium-Tariff Resolution amid Nafta Deal; Woodside downgraded to sell at Citi; GE Shares Soar after Company suddenly dumps John Flannery as CEO
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