Market Update:
The U.S. share markets were weaker on Friday in a shortened trading session where the energy sector fell 3.3% in response to retreating oil prices. The Dow Jones and the S&P 500 declined 0.7% to 24,286 and 2,633 respectively; Investors are expecting this week’s meeting between President Donald Trump and Xi Jinping to be a “watershed” moment for emerging markets, according to Bloomberg; U.K. Prime Minister, Theresa May obtained her Brexit divorce deal with the European Union at the Brussels summit on Sunday; Taiwanese President Tsai Ing-wen announced plans to step down as party chairwoman on Saturday following sweeping midterm losses against a rival party that favours closer relations with China; Australian shares are expected to start the week lower as a result of tumbling oil and iron ore prices, losses in equities for Europe and the U.S. The ASX all Ords finished up 0.4% on Friday at 5,793.
Please read Argonaut's Important Disclaimers & disclosures
Log in to the client area below to download the full Morning Note PDF
