| The KUIK Market Update for Monday, March 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (105) | points | 16,348 | 7:58 AM | ||
| S&P500 | Down | -0.51% | percent | 1,868 | (9.60) | ||
| Nasdaq Composite | Down | -0.57% | percent | 4,312 | (24.62) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.72 | Annual Yield | ||
| Global business optimism reached a two-year high in February, according to a survey conducted by Markit, based on responses from 11,000 companies. The survey, done three times a year, showed expectations about the year ahead rose sharply in the U.S., the euro zone and the U.K., with hiring and capital-spending intentions also up. However, business confidence in the BRIC countries have barely moved since sliding to a survey low in mid-2013, with Russia and India at new lows and Brazilian confidence dropping. | |||||||
| Bloomberg reports the amount of debt globally has soared more than 40 percent to $100 trillion since the start of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates. The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion, according to the Bank for International Settlements and data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S. economy. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/global-business-optimism-at-2-yr-high-markit-2014-03-09 | |||||||
| http://www.bloomberg.com/news/2014-03-10/debt-exceeds-100-trillion-as-governments-binge.html | |||||||
| For today’s Market Update Report click to listen-> | |||||||