Morning Market Report 12/19/2012 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, December 19:

Markets opened slightly lower this morning.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(16)	points	13,336	7:05 AM
S&P500	Down	-0.23%	percent	1,443		(3.36)	points
Nasdaq Composite	Down	-0.13%	percent	3,051		(3.91)	points
30 Year Treasury	Down	(4)	Basis Points	2.98	Annual Yield

The Treasury announced it plans to sell its remaining stake in General Motors by as early as January. GM will buy back 200 million shares at $27.50 in a deal that should close by the end of the year, and Treasury will sell the other 300 million shares as soon as January, depending on market conditions. Taxpayers will end up losing about $12.6 billion.

The World Bank sees strong growth in Asia. It expects growth in East Asia to pick up to 6.6% in 2013 and 2014, from 5.8% in 2012.

Japanese stockslead a broad rally for Asian markets Wednesday, with the Nikkei Stock Average going over the 10,000-point mark for its highest finish since early April due to gains for financials and exporters. The Nikkei 2.4% to 10,160, taking its year-to-date gains to more than 20%.

Everybody wants to be a kid again. Marketwatch reports the top toys this year are retro, including Teenage Mutant Ninja Turtles, E.T. and Furby dolls. Shipping containers filled with Power Rangers arriving at U.S. ports during the August-through-October retailer order window was up 91% this year from last year.

Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/treasury-to-sell-remaining-gm-stake-2012-12-19-8103523
http://www.marketwatch.com/story/world-bank-sees-robust-asian-growth-2012-12-19
http://www.marketwatch.com/story/japans-nikkei-tops-10000-in-mostly-higher-asia-2012-12-18
http://www.marketwatch.com/story/retro-toys-dusted-off-for-a-comeback-2012-12-18

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