| The KUIK Morning Market Report for Monday, June 3: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 62 | points | 15,178 | 6:55 AM | ||
| S&P500 | Up | 0.16% | percent | 1,633 | 2.60 | points | |
| Nasdaq Composite | Down | -0.05% | percent | 3,455 | (0.24) | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 3.31 | Annual Yield | ||
| The final reading of Markit’s manufacturing purchasing managers index was 52.3 in May from a six-month low of 52.1 in April. Markit said the PMI meant only a modest rate of growth. The initial estimate for May was for 51.9, the lowest read since last October. The May survey paints a downbeat picture of U.S. manufacturing business conditions. | |||||||
| Mixed manufacturing data out of China. A Chinese government-sponsored survey on manufacturing activity in the country, released Saturday, rose to 50.8 in May from 50.6 in April, indicating some improvement in Chinese business conditions. However a of a separately-released survey by HSBC showed China’s Purchasing Managers’ Index dropped to 49.2 in May from 50.4 in April. Below 50 indicates a drop in activity. | |||||||
| Gold prices are up slightly after a tough more than 5% drop in May. August gold rose 0.3%, to $1,396.60 an ounce on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/final-us-may-manufacturing-pmi-rises-to-523-2013-06-03 | |||||||
| http://www.marketwatch.com/story/japan-stocks-sink-as-asia-awaits-china-data-2013-06-02 | |||||||
| http://www.marketwatch.com/story/gold-prices-higher-after-monthly-rout-2013-06-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||