| The KUIK Market Update for Monday, December 30: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 3 | points | 16,481 | 8:00 AM | ||
| S&P500 | Down | -0.08% | percent | 1,840 | (1.47) | ||
| Nasdaq Composite | Down | -0.21% | percent | 4,148 | (8.59) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.91 | Annual Yield | ||
| The Nikkei Average was up 0.7%, ending the year 57% higher than it started, making Japan by far the best-performing market in Asia, outpacing the region’s developing markets, which have recorded either losses or only small gains in 2013. China had a rocky 2013: The Shanghai Composite is trading 7.6% lower so far this year, making it the region’s worst-performing market. | |||||||
| The National Association of Realtors reports pending sales of homes ticked up in November for the first gain in six months. The index of pending home sales increased 0.2% last month to 101.7, slightly above a 10-month low of 101.5 in October, but down from 103.3 in November 2012. 100 equals 2001’s average contract activity level. | |||||||
| The dollar extended its decline after that pending home sales report. The Federal Reserve is set to reduce its monthly asset purchases to $75 billion in January from $85 billion, cutting back its monetary stimulus. But other central banks, including the Bank of Japan, could be gearing up for more stimulus. The dollar has surged 21% against the yen in 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/asia-stocks-mostly-rise-japan-ends-year-on-sweet-note-2013-12-29 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-tick-up-in-november-2013-12-30?dist=lcountdown | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-49951/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||