Morning Market Report 1/10/2013

January 10, 2013
The KUIK Morning Market Report for Thursday, January 10:
Markets had a strong opening.
Index Direction Change Units Last Time Change
Dow Up                     46 points             13,436 7:05 AM
S&P500 Up 0.5% percent               1,468               6.66 points
Nasdaq Composite Up 0.4% percent               3,119              13.43 points
30 Year Treasury Up                       3 Basis Points               3.09 Annual Yield
The Labor Department reported Initial jobless claims climbed by 4,000 to a seasonally adjusted 371,000 in the week ended Jan. 5, the highest level in one month. Economists expected claims to fall to 365,000.
European Central Bank President Mario Draghi said weakness in the euro-zone economy will extend into 2013, with a “gradual recovery” taking hold later in the year. Draghi said risks to the economic outlook remain weighted to the downside and are related to slow implementation of economic reforms by the area’s governments.
Big exports out of China. China’s December exports jumped 14.1% from a year earlier, up from a 2.9% gain in November, while imports were up only 6%, following on from zero growth in October, according to data released by China’s General Administration of Customs.  The pickup in shipments widened the trade surplus to $31.6 billion in December, far exceeding estimates and up sharply from a $19.6 billion surplus in November.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/jobless-claims-in-us-rise-4000-to-371000-2013-01-10
http://www.marketwatch.com/story/draghi-ecb-expects-gradual-recovery-in-2013-2013-01-10
http://www.marketwatch.com/story/chinas-exports-soar-as-trade-surplus-balloons-2013-01-09
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3