| The KUIK Morning Market Report for Thursday, January 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (155) | points | 16,218 | 6:59 AM | ||
| S&P500 | Down | -0.76% | percent | 1,831 | (14.00) | ||
| Nasdaq Composite | Down | -0.70% | percent | 4,213 | (29.61) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.72 | Annual Yield | ||
| The preliminary HSBC/Markit China manufacturing Purchasing Managers’ Index fell to a six-month low of 49.6, down from a final December reading of 50.5. Economists expected 50.3. Above 50 indicates expansion. That sent Chinese stocks and the Australian dollar lower. New orders declined, and new export orders, already contracting showed a faster rate of losses. The employment subindex also fell at a faster rate than in December | |||||||
| Markit reports the U.S. flash purchasing managers’ index slipped to 53.7 in January, down from December’s 55, which was an 11-month high. Some of the slowdown was probably due to cold weather. But this is the slowest improvement in conditions since October. | |||||||
| The Labor Department reports that for the week Jan. 18, initial claims for unemployment benefits edged up by 1,000 to a seasonally adjusted 326,000. Economists polled by MarketWatch expected 330,000. That meansthat the labor market has probably not softened as much as the Decembers’s weak employment report suggested. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-factory-data-show-contraction-stocks-drop-2014-01-22 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-at-3-month-low-in-january-2014-01-23 | |||||||
| http://www.marketwatch.com/story/flat-jobless-claims-imply-steady-labor-market-2014-01-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||