| The KUIK Morning Market Report for Monday, January 27: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 54 | points | 15,934 | 7:07 AM | ||
| S&P500 | Up | 0.13% | percent | 1,793 | 2.33 | ||
| Nasdaq Composite | Down | -0.10% | percent | 4,124 | (4.16) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.66 | Annual Yield | ||
| Citigroup’s China branches, and possibly other banks, have stopped all cash transfers for three days and all currency conversions from yuan for nine days, Forbes reported Sunday via an article by contributor Gordon Chang. Citi reportedly made the announcement in a notice on its web portal for Chinese customers, saying the move was a result of “system maintenance of People’s Bank of China,” a reason Chang described as “preposterous.” | |||||||
| Business sentiment in Germany improved for a third month in a row in January, signaling that Europe’s largest economy is on track to see stronger growth in 2014. The Ifo Business Climate Index rose to 110.6 in January, up from 109.5 in December, highest level since July 2011 and beating analyst expectations. Assessments of the current business situation in Germany also improved and rose to the strongest level since June 2012. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-halts-transfers-at-citi-other-banks-report-2014-01-26 | |||||||
| http://www.marketwatch.com/story/german-business-mood-brightens-for-third-month-2014-01-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||