Morning Market Report 2/22/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Friday, February 22:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	37	points	13,917	7:03 AM
S&P500	Up	0.31%	percent	1,507		4.72	points
Nasdaq Composite	Up	0.39%	percent	3,144		12.25	points
30 Year Treasury	Down	(1)	Basis Points	3.16	Annual Yield

Helping the US market is data out of Germany. Bloomberg reports the Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 107.4 in February from a revised 104.3 in January. A Bloomberg survey expected 104.9. The latest reading was the highest since April 2012..

Marketwatch reports Europe’s economy will shrink for the second year in a row as a return to growth will be slower than expected, according to the European Commission in its most recent economic forecast. The commission is the executive arm of the European Union. It forecast europe’s gross domestic product would contract by 0.3% this year after shrinking 0.6% in 2012. and expects a return to growth of 1.4% in 2014.

Marketwatch reports that companies have started dropping spouses from health coverage. By denying coverage to spouses, employers not only save the annual premiums, but also the new fees that went into effect as part of the Affordable Care Act. This year, companies have to pay $1 or $2 “per life” covered on their plans, a sum that jumps to $65 in 2014. And health law guidelines proposed recently mandate coverage of employees’ dependent children (up to age 26), but husbands and wives are optional.



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

http://www.bloomberg.com/news/2013-02-22/u-s-stock-futures-advance-as-german-confidence-rises.html
http://www.marketwatch.com/economy-politics?link=MW_Nav_EP
http://www.marketwatch.com/story/why-your-boss-is-dumping-your-wife-2013-02-22


For today’s Morning Market Report click to listen->			https://beaconrwa.com/audio/Morning-Market-Report.mp3