| The KUIK Morning Market Report for Wednesday, April 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (30) | points | 16,484 | 7:08 AM | ||
| S&P500 | Down | -0.3% | percent | 1,875 | (4.61) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,132 | (29.31) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.48 | Annual Yield | ||
| HSBC reported that its preliminary version of its Chinese Purchasing Managers’ Index rose to 48.3 from March’s 48.0. While the result remained below the 50 level that divides expansion from contraction, the gain halted a string of declines since last October. The subindexes for both output and overall new orders slowed the rate of decline, new export orders swung to a decrease, and the drops for the employment and work-backlog subindexes fell faster pace than in March. Immediatly following the release, Hong Kong’s Hang Seng Index slid to a 0.4% loss, and extended its loss to 0.8% by the afternoon. | |||||||
| Economic growth in Europe increase at the start of the second quarter, but businesses again cut the prices they charged customers, a sign that the European Central Bank is still worried about deflation. The composite Purchasing Managers Index which includes manufacturing and services rose to 54.0 from 53.1 in March. The Stoxx Europe 600 fell 0.4% to 335.82. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinese-factory-data-show-mild-rebound-2014-04-23 | |||||||
| http://www.marketwatch.com/story/euro-zone-economic-growth-picks-up-pace-2014-04-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||