Morning Market Report 11/15/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Friday, November 15:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	35	points	15,910	7:08 AM
S&P500	Up	0.08%	percent	1,792		1.40
Nasdaq Composite	Unchanged	0.00%	percent	3,973		0.03
30 Year Treasury	Down	(1)	Basis Points	3.79	Annual Yield

The Labor Department reports the prices paid for imported goods fell 0.7% in October, mostly because of lower fuel prices. Economists expected a 0.4% drop. Imported fuel prices droopped 3.4% in October. Excluding fuel, import prices were unchanged while the price of U.S.-made goods exported to other nations declined by 0.5%.

The Empire State’s general business conditions index turned negative in November for the first time since May, according to the Federal Reserve Bank of New York. The Empire State index fell to negative 2.2 from positive 1.5 in October. Economists expected positive 5.5. The new-orders fell to negative 5.5 from positive 7.8, and shipments fell to negative 0.5 from positive 13.

Chinese media reports that the Communist Party will announce detailed, wide-ranging reforms in a paper due out next week. Following the close of the Central Committee’s Third Plenum, it released only a brief statement that disappointed markets due its lack of specifics. Reuters cited China’s top securities regulator as telling the China Securities Journal that the new policy changes would “usher in unprecedented opportunities for developing the country’s capital market.”



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

http://www.marketwatch.com/story/us-import-prices-decline-07-in-october-2013-11-15
http://www.marketwatch.com/story/november-empire-state-index-turns-negative-2013-11-15
http://www.marketwatch.com/story/china-reports-say-big-reform-details-due-next-week-2013-11-15


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