| The KUIK Morning Market Report for Friday, February 14: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 6 | points | 16,034 | 7:00 AM | ||
| S&P500 | Down | -0.01% | percent | 1,830 | (0.20) | ||
| Nasdaq Composite | Down | -0.21% | percent | 4,232 | (8.85) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.69 | Annual Yield | ||
| The Federal Reserve reports Industrial production dropped 0.3% in January, with the cold weather droppingmanufacturing output by 0.8% and mining output by 0.9%, which offset the 4.1% surge in utilities output on heating demand. Economist expected a 0.2% gain. The Fed knocked down its fourth-quarter estimate of manufacturing production to an annual rate of 4.6% from a previous estimate of 6.2%. Capacity utilization dropped to 78.5% from 78.9%. The Fed estimates industrial capacity will expand 2.3% in 2014, after a 1.8% gain in 2013. | |||||||
| European stock markets moved higher today after economic-growth data for Europe confirmed the region is gradually recovering, with almost all member countries now out of recession. Data from Eurostat showed gross domestic product for the currency union rose 0.3% quarter-on-quarter in the final three months of 2013. Germany and France showed growth of 0.4% and 0.3% respectively. Italy’s fourth-quarter GDP rose 0.1%, marking an end to the country’s two-year recession and the first period of growth since the spring of 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-drops-03-in-january-2014-02-14 | |||||||
| http://www.marketwatch.com/story/european-stocks-waver-ahead-of-euro-zone-growth-data-2014-02-14?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||