Morgans AM: Wednesday, 18 October 2023

US equity markets settled little changed after a subdued session as investors digested stronger-than-expected retail sales data that fuelled concerns over tighter monetary policy - Dow edged +13-points higher . According to reports earlier this morning AEST, Chevron Corp (up +1.32%) has ended a dispute on pay and working conditions with labour unions at its liquefied natural gas (LNG) facilities in Australia. The agreement by workers to accept the terms effectively resolves a dispute that triggered strikes last month at Chevron’s Gorgon and Wheatstone facilities, which accounted for ~7% of global LNG supply last year.