Morning Notes

01/12/2015 Argonaut Morning Note

U.S. stocks finished lower on Monday after the release of some economic data and ahead of a key European Central Bank meeting later this week and jobs data due on Friday.
The Chicago PMI, which measures the strength of the Midwest manufacturing sector, fell to 48.7 in November from 56.2 in the previous month. Any reading below 50 indicates a contraction in activity. At the close the Dow, S&P 500 and the NASDAQ were all around 0.4% lower.

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30/11/2015 Argonaut Morning Note

U.S. stocks finished little changed amid thin volumes following the Thanksgiving holiday.
At the close, the Dow was off 0.1%, the S&P 500 was flat and the NASDAQ was up 0.2%.
For Australian ADRs listed on the NYSE, BHP Billiton slipped 56 cents (2.03%) to $26.97, ResMed gained 48 cents (0.81%) to $60.02, Telstra Corporation remained flat at $19.33, Spark New Zealand fell 3 cents (0.28%) to $10.67 and Westpac declined 1 cent (0.04%) to $22.93.

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27/11/2015 Argonaut Morning Note

U.S. markets were closed on Thursday in commemoration of Thanksgiving. Elsewhere, talk of further stimulus from the European Central Bank caused a rally in European stocks ahead of next Tuesday's meeting. The stimulus would serve as a measure to assist with inflation and growth.

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26/11/2015 Argonaut Morning Note

U.S. stocks closed higher amid light trading Wednesday as investors digested this week's economic data, which may be positive enough to keep the Fed's potential December interest-rate hike on the table. At the close, the Dow and the S&P 500 were both flat while the NASDAQ was up 0.3%.

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25/11/2015 Argonaut Morning Note

U.S. stocks managed to offset early losses to end higher Tuesday, as concerns around the Turkish military's shooting down of a Russian jet fighter along the Syrian border subsided.
Third-quarter U.S. GDP was revised upwards to 2.1% from a previously reported 1.5% gain. The revision was driven mostly by a boost to inventory levels. Consumer spending was revised slightly lower. Corporate profits were off 1.1% in the quarter.

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