ASX posts its biggest gain for month of November

The ASX finished it’s trading session posting its biggest gains for the month of November at a one-week high of 5728. ASX futures are 5 points higher at 8.45am AEDT, following potential positive news regarding trade. White House economic adviser Larry Kudlow is quoted saying “The president said there is a good possibility that we can make a deal and that he is open to it” referring to Xi Jinping, pending their meeting at this weekends G20 in Argentina.

The major US indices edged slightly higher. General Motors (GM) continues it’s decline dropping a further 2.5 per cent following the announcement of over 14,000 jobs being cut.

Market Data:

AUD +0.1% to 72.24 US cents.

10-year yield: US 3.06%

Iron ore +1.5% to $US65.19 a tonne

SPI futures up 5 points

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