Morning Notes

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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24/11/2015 Argonaut Morning Note

U.S. stocks finished lower on Monday as commodity prices and M&A activity were eyed. This followed a rebound last week that delivered the largest weekly gain for the S&P 500 in nearly a year. Sharp November swings in stocks have put the S&P 500 on track for a gain of 0.6% this month. Existing U.S. home sales were down 3.4% in October from the previous month to a seasonally adjusted annual rate of 5.36 million. Economists had expected sales to come in at 5.4 million. Sales have slowed down as housing prices rise--the median sale price was up 5.8% year over year.

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