Morning Notes

03/12/2015 Argonaut Morning Note

U.S. stocks finished lower on Wednesday as investors digested economic news and a speech by Fed chair Janet Yellen, while a drop in oil prices weighed on energy stocks.Yellen has expressed her confidence in improving market conditions, which if sustained would see an interest-rate rise in December

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02/12/2015 Argonaut Morning Note

U.S. stocks started December on a high note as expectations the European Central Bank would launch further stimulus measures later this week outweighed disappointing manufacturing data. At the close, the Dow and NASDAQ were each up around 0.9% and the S&P 500 had risen 1.0%

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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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