Morning Notes

23/10/2018 Argonaut Morning Note

Market Update

Poor earnings results and falling oil prices pulled back the S & P 500 by 0.4% to 2,756; AUD reaches 2018 low as Scott Morrison faces prospect of minority government; Euro under pressure as the U.K. and E.U disagree on Brexit conditions; Gold $1222, AUD Gold $1727, HUI -1.35%, GDXJ -1.21%, Silver $14.57, Plat $823; Iron Fe 62% $74.40, Fe 58% $49.30, Rebar 4168, BHP adrs +0.72% disc A$33.34; WTI $69.36, Brent $79.83, U.S. producers have been pumping more than 10.5m barrels a day since April, and U.S. crude stockpiles rose by 3m barrels last week, according to Bloomberg; Turkish government is due to publish their findings post an investigation into the death of Jamal Khashoggi. 

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Argonaut Morning Note



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