Morning Notes

15/09/2015 Argonaut Morning Note

Global stocks slipped after a renewed selloff in China, as investors await an interest-rate decision from the U.S. Federal Reserve later in the week. About 46% of economists surveyed by The Wall Street Journal in September expected the Fed to raise rates this week, compared with 82% in an August survey. The Dow declined 0.4%, or 62 points, to 16,371. The S&P 500 and NASDAQ dropped by similar percentages.

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14/09/2015 Argonaut Morning Note

U.S. stocks rose Friday, capping their biggest weekly gain in almost six months, while European shares fell in what continues to be a rocky period for markets ahead of a closely watched U.S. interest-rate decision next week. The Dow gained 102.69 points, or 0.63%, to 16433.09. Almost all sectors of the Dow rose Friday, with the exception of materials stocks. The Dow's weekly gain of more than 2% was the largest since the week ended March 20. The S&P 500 rose 8.76 points, or 0.45% to 1961.05, bringing it to its biggest weekly gain in almost two months. The Nasdaq rose 0.5%. The majority of economists surveyed by The Wall Street Journal over the past week said they expect the Fed won't raise rates at its Sept. 16-17 policy meeting. Big moves in U.S. stocks in recent weeks, fueled by worries over an economic slowdown in China, have cast doubt over a rate increase. In Europe, Germany's DAX dropped 0.9%, France's CAC 40 fell 1.0% and the FTSE 100 in the U.K. dropped 0.6%.

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11/09/2015 Argonaut Morning Note

U.S. stocks advanced, bucking declines overseas, as investors looked ahead to a decision by the Federal Reserve on interest rates next week. Thursday's moves follow significant swings in global stock benchmarks over the past week, as uncertainty over the timing of the first increase in U.S. interest rates in almost 10 years and China's growth outlook continue to rattle investors. The Dow and the S&P 500 both rose ~0.5% to 16,330 and 1,952 respectively.

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10/09/2015 Argonaut Morning Note

The rally in global stocks, driven by signs that China would do more to stimulate its slowing economy, faded in the U.S overnight. Fed officials will decide whether to raise interest rates at the central bank's two-day meeting starting Sept. 16. Economists had expected the Fed to raise interest rates at its September meeting before the recent selloff in global markets. The Fed has left the door open to rate increases next week, but many investors and economists say they're less sure now about that possibility. The Dow fell 1.5% to 16,254 and the S&P dropped 1.4% to 1,942.

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09/09/2015 Argonaut Morning Note

U.S. stocks rallied after the Labor Day holiday, with the Dow adding 390 points, or 2.4%, to 16,493 and the S&P 500 climbing a similar amount to close at 1,969. Tuesday's rally brought the Dow closer to erasing its losses in August, when it fell 6.6%. The dollar fell against most other currencies, after last week's U.S. employment data gave a mixed picture of the labor market, raising doubts over whether the Federal Reserve will lift rates this month. U.S. nonfarm payrolls data for August, reported on Friday, showed employment growth slowing in August, even as the unemployment rate fell more than expected owing to a smaller labor force.

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