Morning Market Report 11/23/2012 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Friday, November 23:
Markets are up this morning.
Index	Direction	Change	Units	Last	Time	Change
Dow	Up	62	points	12,901	6:57 AM
S&P500	Up	0.5%	percent	1,398		7.26	points
Nasdaq Composite	Up	0.6%	percent	2,945		18.70	points
30 Year Treasury	Down	(0)	Basis Points	2.83	Annual Yield
The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October, the first gain in eight months. Economists predicted a drop to 99.5 and French business confidence increased from the lowest in more than three years this month.
Manufacturing may be picking up in China after more than a year. HSBC said the preliminary reading of its China manufacturing Purchasing Managers’ Index rose to 50.4 above 50 is expansion.
The U.S. economy will continue to its modest expansion through early 2013, according to the Conference Board. Its leading economic index rose 0.2% in October after increasing a downwardly revised 0.5% in September. Hurricane Sandy and the outcome from fiscal cliff negotiations could impact growth. October’s result beat analysts’ expectations of a 0.1% gain. The LEI is a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs. Four of the 10 are positive, led by the interest-rate spread. Four are negative including building permits. two manufacturing-related are neutral.

Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-11-23/u-s-stock-futures-rise-s-p-500-may-extend-weekly-jump.html
http://www.marketwatch.com/story/china-manufacturing-finally-expanding-data-show-2012-11-21
http://www.marketwatch.com/story/leading-economic-index-rises-02-in-october-2012-11-21-9915923

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