ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

13/03/2015 Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 13/03/2015 Argonaut Morning Note
    NextPrevious

    13/03/2015 Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 12 March, 2015 | 0

    Market Update & Important Indicators

    U.S. stocks rose Thursday, rebounding after the biggest two-day decline since late January. Stocks have bounced around lately, with the Dow moving 100 points or more in four of the past five sessions. On Tuesday the index fell more than 300 points, but with Thursday's increase the Dow is nearly flat for the week. Much of the rise and fall in the US market has been on speculation of the US Government raising interest rates.

    European stock markets ended a highly volatile session on a mostly downbeat note, as investors digested disappointing U.S. retail sales and mixed corporate news. France's CAC 40 index fell 0.2% to 4,987.3, while Germany's DAX 30 index lost 0.1% to 11,799.4, easing back from a record closing high logged on Wednesday. Bucking the negative trend in Europe, the U.K.'s FTSE 100 index picked up 0.6% to 6,761.1, boosted by the index's drug makers.

    Asian stocks rose on Thursday despite fall in the US in the previous day. Tokyo stocks touched their highest in nearly 15 years. The benchmark Nikkei Stock Average briefly topped the 19000 mark, before adding 1.4% to close at 18991.1. The Shanghai Composite Index jumped 1.8% to 3349.3, boosted by news that China will allow regional governments to roll over 1 trillion yuan of local government debt through the issue of new bonds.

    Australia's stock market rose Thursday, reversing almost three days of losses, as modestly better jobs numbers did little to dissuade investors from hunting high-yielding stocks in anticipation of further-interest rate cuts. The S&P/ASX 200 closed nearly 1% higher at 5850.2.

    Metals ion the LME were up with the exception of tin. Strong gains reversed much of the losses from earlier in the week. Copper was up 2.0% to US$2.66 and nickel rose 1.0% to US$6.28/lb. Gold was flat at US$1152/oz and the AUD/USD is trading at 0.77.

    Recent Contacts & Presentations

    Fertoz (FTZ), Atrum (ATU), Doray (DRM), Perseus (PRU), Avanco Resources (AVB), RTG Mining (RTG), Helix Resources (HLX), Rift Valley Resources (RVY), Saracen (SAR), Anova Metals (AWV), West African Resources (WAF), Commodities Group (COZ), Pioneer Credit (PNC), Matrix (MCE), Austal (ASB), Ausdrill (ASL), TFS Corporation (TFC), Gage Roads (GRB), Austin Engineering (ANG), Buru Energy (BRU), Commodities Group (COZ)
     

    Please read Argonaut's Important Disclaimers & disclosures

    Log in to the client area below to download the full Morning Note PDF

    Argonaut Morning Note

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital