Morning Notes

08/12/2015 Argonaut Morning Note

U.S. stocks closed lower on Monday as plunging energy stocks helped to undo much of Friday's big rally.The price of oil slid further after last week's OPEC meeting ended with no decision to cut production. Oil futures skidded nearly 5% to below $38 a barrel on Monday, approaching their lowest settlement in nearly seven years.

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07/12/2015 Argonaut Morning Note

U.S. stocks finished higher on Friday as investors considered the implications of a strong jobs report.The Labour Department reported that the U.S. economy added 211,000 new jobs in November, enough to keep the Federal Reserve on track to raise interest rates later this month.

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04/12/2015 Argonaut Morning Note

U.S. stocks closed lower on Thursday after the European Central Bank's announced stimulus measures were smaller than the market had been anticipating. ECB head Mario Draghi said the bank would expand its quantitative easing program to March 2017 in an effort to combat persistently low inflation. The bank also moved the deposit rate on bank deposits to -0.3% from -0.2%.

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03/12/2015 Argonaut Morning Note

U.S. stocks finished lower on Wednesday as investors digested economic news and a speech by Fed chair Janet Yellen, while a drop in oil prices weighed on energy stocks.Yellen has expressed her confidence in improving market conditions, which if sustained would see an interest-rate rise in December

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02/12/2015 Argonaut Morning Note

U.S. stocks started December on a high note as expectations the European Central Bank would launch further stimulus measures later this week outweighed disappointing manufacturing data. At the close, the Dow and NASDAQ were each up around 0.9% and the S&P 500 had risen 1.0%

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