Morning Notes

07/03/2018 Argonaut Morning Note

U.S. stocks climbed intraday as investors weighed signs of opposition in Washington to planned U.S. tariffs on steel and aluminium imports. Expectations for escalating trade tensions had dragged down stocks around the world in recent sessions amid concerns about rising materials costs for companies and harm to global exporters. In recent sessions, though, pushback from some senior Republicans has helped soothe investors' nerves.

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06/03/2018 Argonaut Morning Note

The Dow Jones Industrial Average jumped Monday, putting the blue-chip index on track for its first gain in five trading sessions, as investors' fears that Trump administration's plan to impose stiff import tariffs could spark an all-out trade war eased. Several investors said the threat of a trade war over planned tariffs on steel and aluminium imports diminished slightly, as administration officials, including Commerce Secretary Wilbur Ross, downplayed concerns on Sunday's television talk shows.

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05/03/2018 Argonaut Morning Note

The threat of a global trade war spurred turmoil in financial markets around the world as investors scrambled to assess a potential disruption to a rare period of synchronized global growth. The Dow Jones Industrial Average closed down 0.3% Friday, recovering most of its morning losses that stemmed from President Donald Trump's pledge a day earlier to impose stiff tariffs on steel and aluminium imports.

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02/03/2018 Argonaut Morning Note

U.S. stocks tumbled intraday, as investors fretted over the ramifications of new steel and aluminium tariffs announced by President Donald Trump. The decision further stoked investors' fears of rising inflation because the tariffs will likely raise the price of goods, potentially forcing the Federal Reserve to veer from its current pace of gradual interest-rate hikes.

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01/03/2018 Argonaut Morning Note

The Dow Jones Industrial Average and S&P 500 headed toward a second straight day of losses Wednesday and remained on track to snap their 10-month winning streaks, as investors continued to weigh the impact of higher interest rates on the nearly nine-year bull market. The Dow was recently down 0.8%, after earlier rising as much as 166 points.

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