Morning Notes

17/02/2015 Argonaut Morning Note

The US was closed for President’s Day and focus last night was on Greece. Talks among euro-zone finance ministers over a new financing arrangement for Greece broke down abruptly Monday, demonstrating a wide gulf between Athens and its official creditors and triggering a period of high uncertainty about Greece's future inside the currency bloc.

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16/02/2015 Argonaut Morning Note

The S&P 500 has closed at a fresh record high, while the Dow ended above 18,000 for the first time in 2015 following good economic data out of Germany. The broad-based S&P 500 gained 8.51 points (0.41 per cent) at 2,096.99, almost 6.5 points above the prior record set December 29. The Dow Jones Industrial Average rose 46.97 (0.26 per cent) to 18,019.35, while the Nasdaq Composite Index advanced 36.22 (0.75 per cent) to 4,893.84.

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13/02/2015 Argonaut Morning Note

U.S. stocks climbed Thursday, buoyed by sharp gains in European markets and strong results from Dow component Cisco Systems Inc. Stocks got an early lift from advancing European markets after French and German leaders brokered a deal to end Ukraine's conflict with Russia-backed separatists. Germany's DAX index gained 1.6%, while the Stoxx Europe 600 index added 0.7%. Meanwhile, Eurozone finance ministers vowed to continue negotiations after six-hour talks failed to find a way to resolve Greece's financial issues. U.S. consumer spending slumped for a second straight month, damping market expectations that the Federal Reserve might move up its timeline for raising interest rates.

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12/02/2015 Argonaut Morning Note

Wall Street stocks have finished little changed as investors eyed key Brussels talks on Greece's demands to renegotiate its international bailout as the risk of a debt default looms. The Dow Jones Industrial Average was at 17,862, down 7 points, and the broad-based S&P 500 was steady at 2,069, while the tech-rich Nasdaq Composite Index added 14 point to reach 4,801.

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11/02/2015 Argonaut Morning Note

U.S. stocks rose Tuesday, buoyed by hopes for a deal between Greece and its international creditors. The Dow added 0.8% and the S&P 500 gained 1.1%. Tuesday's stock market move reversed Monday's losses, when stocks fell amid worries about Greece's debt negotiations with creditors. Coca-Cola shares rose 2.7%, leading the Dow higher, after the company reported fourth-quarter profit and revenue that topped analyst expectations. China added to overall market worries Tuesday as the world's second-largest economy posted its lowest inflation print since 2009, according to the country's statistics bureau. The consumer price index increased just 0.8% in January from a year earlier.

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