| The KUIK Morning Market Report for Monday, June 2: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 18 | points | 16,735 | 6:57 AM | ||
| S&P500 | Down | -0.1% | percent | 1,922 | (1.48) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,226 | (16.27) | ||
| 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. | |||||||
| The final Markit reading of U.S. manufacturing conditions in May totaled 56.4, compared to a preliminary reading of 56.2, Above 50 indicates expansion. | |||||||
| China’s official manufacturing Purchasing Managers Index rose to 50.8 in May compared with 50.4 in April, according to the China Federation of Logistics and Purchasing. The May PMI was also higher than the median 50.6 forecast of eight economists polled by Dow Jones. | |||||||
| 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/final-markit-manufacturing-pmi-totals-564-in-may-2014-06-02 | |||||||
| http://www.marketwatch.com/story/story?guid={7E132640-9446-4176-B8DA-BEBE21DC6B3B} | |||||||
| For today’s Morning Market Report click to listen-> | |||||||