Market Update & Important Indicators
Stocks rose Thursday as investors digested recent market swings and a few soft readings on U.S. economic growth. The Dow Jones Industrial Average rose 10.02 points, or 0.1%, to 16543.08. The S&P 500 added 4.46 points, or 0.2%, to 1892.49, and the Nasdaq Composite Index gained 22.80 points, or 0.6%, to 4154.34. Trading volumes have been light in recent days.
European stocks edged higher, with investors weighing signs that Chinese growth is stabilizing against patchy business activity data in the euro-zone. The pan-European Stoxx Europe 600 closed the session up 0.2%, in-line with gains for Germany's DAX and France's CAC-40, thanks to better-than-expected manufacturing data in China.
Asian stocks also rose, as an improved reading on China's manufacturing sector eased some concerns over the health of the Chinese economy. Hong Kong's Hang Seng Index was up 0.5% at 22953.76 and the Hang Seng China Enterprises Index rose 1.1% to 10109.57.
Base metals on the LME finished higher. Aluminium was the best performer, finishing 1.8% higher. Gold advanced 0.1% to US$1,293.7/oz and WTI crude lost 0.4% to US$104.12/bbl. The AUD is buying US$0.923.
In This Issue
Argonaut’s Stock Coverage & Recommendations
Recent Contacts & Presentations
Gold Road (GOR), Papillon (PIR), Red 5 (RED), Tangiers (TPT), Vmoto (VMT), Kibaran Resources (KNL), Gage Roads (GRB), American Patriot (AOW), Panoramic (PAN), 99 Wuxian (NNW), Strata-X (SXA), Matsa Resources (MAT), Doray Minerals (DRM), Windward Resources (WIN), Mawson West (MWE), Mineral Resources (MIN), NRW Holdings (NWH), Macmahon (MAH), Imdex (IMD), MZI Resources (MZI), OZ Minerals (OZL), Austal (ASB), Mermaid Marine (MRM), Saracen (SAR), Global Construction (GCS)