Morning Market Report 4/2/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, April 2:

Markets are up slightly.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	13	points	16,546	7:07 AM
S&P500	Up	0.10%	percent	1,887		1.85
Nasdaq Composite	Up	0.14%	percent	4,274		5.89
30 Year Treasury	Up	4	Basis Points	3.64	Annual Yield

ADP reports private-sector employers added 191,000 new jobs in March, up from 178,000 in February. That came in slightly below expectation, economists expected 200,000 new jobs last month. The report contradicts yestersday’s Chicago Purchasing Managers Index that showed employment growth slowed last month.

The latest price data out of Europe shows signs of deflation. In Spain, prices fell 0.2% in March. In Germany, inflation fell to 0.9% in March from 1% in February. On Monday data from Factset showed inflation across Europe fell to a 0.5% annual rate , down from 0.7%. So the European Central Bank is looking at some form of quantitative easing, which will lift worldwide asset prices. Last week, Bundesbank President Jens Weidmann argued that the ECB might soon have to start buying bank assets or government debt directly in the market.

Oil is down. June Nymex June crude futures is off 0.8%, to $99.07 a barrel and are on track for a third straight day of losses. Production from Iraq has strongly increased over the last few months but there are concerns about lackluster demand based on weak Purchasing Managers Index reports from China, Europe and the US.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/private-sector-employment-picks-up-in-march-2014-04-02
http://www.marketwatch.com/story/thank-europe-for-the-stock-markets-next-rally-2014-04-02
http://www.marketwatch.com/story/oil-futures-extend-drop-below-100-a-barrel-2014-04-02?dist=markets


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