| The KUIK Morning Market Report for Friday, December 27: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 26 | points | 16,505 | 6:59 AM | ||
| S&P500 | Up | 0.09% | percent | 1,844 | 1.63 | ||
| Nasdaq Composite | Down | 0.00% | percent | 4,167 | (0.06) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.93 | Annual Yield | ||
| Driven by capital accumulation and increasing consumer spending, China’s nominal gross domestic product could reach $13.5 trillion in 2017 and $20.8 trillion in 2022, excluding effects from the yuan’s appreciation, according to a report fom the Chinese National Institute of International Strategy. By 2022, China’s economy would account for 16.1% of all global output, just behind the U.S. share of 20.6%. However, China’s growth may drop to 6% from the current 7.5% over the next 10 years, mainly due to an ageing population. The report said that China’s working population will reach its peak in 2015 and then start to decline. | |||||||
| February crude gained 11 cents to $99.66 a barrel in electronic trading, after ending 33 cents higher yesterday in trading on the New York Merc. Markets are waiting for the Energy Information Administration’s oil inventory report due out later today. Last Tuesday On Tuesday,a report from the American Petroleum Institute showed a surprise rise of 500,000 barrels in crude oil storage for the week ended Dec. 20. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-economy-to-slow-but-will-still-rival-us-2013-12-26 | |||||||
| http://www.marketwatch.com/story/oil-futures-seesaw-before-us-inventory-data-2013-12-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||