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31/10/2018 – Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 31/10/2018 – Argonaut Morning Note
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    31/10/2018 – Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 31 October, 2018 | 0

    Market Update:

    US equity markets rallied hard with the Dow jumping 1.8% as Trump suggested a deal possible with China on the Trade tariffs; Base metals were hit hard overnight, all LME metals were lower, Copper fell 2% and Zinc 3% as the USD rose further and the DXY above 97; Gold miners finish their best month of the year, with Bullion prices set to end October with the first monthly gain in seven, as a sell-off in equities and concerns over global economic growth boost the appeal of the metal as a safe haven; Trick or treat, the last day of October ending a very volatile month. The S&P is down 8%, Nasdaq -11%. Asian markets also falling hard, Nikkei -11%, Hang Seng -12%, CSI -10%, while the ASX, one of the best down 6%

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