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

25/10/2018 Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 25/10/2018 Argonaut Morning Note
    NextPrevious

    25/10/2018 Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 25 October, 2018 | 0

    Market Update

    The selloff of US Equities accelerated overnight, wiping out gains for the year in both the S&P 500 Index and the Dow, as mixed corporate earnings and weak housing data see investors concerned over rising prices and its implications on economic growth; The S&P extended its October rout to 8.8%, making it the worst month since February 2009; Oil rebounded from a two-month low as refiners started to wind down seasonal repairs, a signal of an imminent demand hike; Base metals fell, with nickel posting the lowest closing price this year, with the Bloomberg Industrials Metals Subindex, tracking aluminium, copper, nickel and zinc, falling for a second straight day; Despite US GDP growth slowing over the third quarter, figures still remain near their best pace since mid-2015 according to forecasts ahead of Friday’s official release; The Bank of Canada raised rates to 1.75%, the 3rd hike this year and said for the first time in more than a decade that it expects to completely remove monetary stimulus.

    Please read Argonaut's Important Disclaimers & disclosures

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

    Argonaut Morning Note

     

    Google+

    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