Morning Memo: Wednesday, November 27, 2013 UPDATED

This is an update to our earlier post:  Morning Memo:  Wednesday, November 27, 2013

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• US..Jobless Claims better than expected, dropping to 316k vs 330k exp.
• US..Durable Goods Orders fell 2% in October, largely due a pullback in aircraft orders.  Sept was revised up to 4.1% fr 3.8%.  Ex-transportation -0.1% vs +0.2% exp. but Sept was revised up to +0.2% vs -0.2% orig. Orders of nondefense capital goods ex-aircraft declined 1.2% in Oct following a decline of 1.4% in Sept.  Shipments of core goods fell 0.2%, second month in a row.  That will drag on Q4 GDP.
• Germany...Merkel's conservative Christian Democrats came to a grand coalition deal w/rival left of center SPD, subject to an SPD referendum on the deal by mid Dec.  The deal includes an introduction of a minimum wage, some liberalization of citizenship rights for German-born residents of foreign origin, spending on infrastructure, toll tax on foreign drivers, no new tax increases to fund spending, lowering of retirement age and additional pension money for retired mothers.
• "CHITS" Charts In The Spotlight...check them out! http://stockcharts.com/public/1587236

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