| The KUIK Market Update for Monday, June 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (8) | points | 16,709 | 7:59 AM | ||
| S&P500 | Down | -0.2% | percent | 1,920 | (4.03) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,220 | (22.96) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.36 | Annual Yield | ||
| The euro slipped against the dollar today after weaker-than-expected euro-zone factory data added more pressure on the European Central Bank to ease policy at its next meeting on Thursday. The weakness came as the final reading on the manufacturing purchasing managers’ index came in at 52.2, down from the initial 52.5. Although manufacturing is still expanding, the euro zone is still struggling to develop growth momentum.” Most economists forecast a cut in European interest rates. | |||||||
| U.S. manufacturing companies grew slower in May. The Institute for Supply Management said its manufacturing index fell to 53.2% last month from 54.9% in April. and short of the 55.8% forecast of economist. Readings over 50% indicate growth. New-orders index and production fell slightly. Employment fell to the second lowest reading since last summer. Seventeen of the 18 industries reported growth. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/euro-drops-after-euro-zone-pmi-falls-short-of-forecast-2014-06-02 | |||||||
| http://www.marketwatch.com/story/us-ism-manufacturing-index-softens-in-may-2014-06-02′ | |||||||
| For today’s Market Update Report click to listen-> | |||||||