| The KUIK Morning Market Report for Monday, December 3: | |||||||
| Markets opened up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 27 | points | 13,051 | 6:55 AM | ||
| S&P500 | Up | 0.3% | percent | 1,421 | 4.37 | points | |
| Nasdaq Composite | Up | 0.4% | percent | 3,023 | 12.38 | points | |
| 30 Year Treasury | Up | 6 | Basis Points | 2.85 | Annual Yield | ||
| Marketwatch reports Treasury Secretary Timothy Geithner and House Speaker John Boehner solidified their stances on the fiscal cliff on Sunday, but Geithner predicted Republicans will in the end accept higher tax rates on the top 2% to reach a budget deal. | |||||||
| HSBC’s China Purchasing Managers Index came in at 50.5, up from a preliminary reading of 50.4. It was an improvement on October’s 49.5 and the first time in 13 months it was above 50, indicating expansion. | |||||||
| Manufacturing activity across euro zone contracted for a sixteenth consecutive month in November, according to the final reading of the Markit purchasing managers’ index, it came in at 46.2, matching its preliminary estimate, and marking the sixteenth consecutive month the index has below below the 50. The index rose from 45.4 in October, marking the slowest pace of contraction in eight months, but the downturn in Europe is still severe. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/geithner-taxes-will-go-up-for-wealthiest-2-2012-12-02 | |||||||
| http://www.marketwatch.com/story/china-manufacturing-grows-but-markets-worry-2012-12-02 | |||||||
| http://www.marketwatch.com/story/euro-zone-manufacturing-shrinks-for-16th-month-2012-12-03 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||