| The KUIK Morning Market Report for Thursday, November 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 17,655 | 7:00 AM | ||
| S&P500 | Down | -0.04% | percent | 4,682 | (2.00) | ||
| Nasdaq Composite | Up | 0.11% | percent | 2,047 | 5.00 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.07 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 2,000 to a seasonally adjusted 291,000 in the week ended November 15. Claims are below the key 300,000 level for the 10th straight week. Claims from two weeks ago were revised up to 293,000 from 290,000. Continuing claims fell by 73,000 to a seasonally adjusted 2.33 million in the week ended November 8. | |||||||
| Markit reports its composite purchasing managers index for Europe–a measuring activity in both manufacturing and services, fell to 51.4 from 52.1 in October, reaching a 16-month low. A reading above 50 indicates activity increasing. Preliminary results from the 5000 firms surveyed howed that a big pickup in activity is unlikely in the coming months, with new orders falling for the first time since July 2013, and employment was unchanged. | |||||||
| And in the US, Markit’s flash manufacturing purchasing managers index fell to a 54.7 reading in November from 55.9 in October. This is the third straight monthly drop. . The index is now at its lowest level since January. Manufacturers reported the largest drop in export orders in nearly 18 months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-stay-below-300000-as-layoffs-remain-low-2014-11-20 | |||||||
| http://www.marketwatch.com/story/eurozone-pmi-falls-to-16-month-low-in-november-2014-11-20 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-falls-to-547-in-november-2014-11-20-9915343 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||