| The KUIK Morning Market Report for Friday, January 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (39) | points | 17,775 | 7:01 AM | ||
| S&P500 | Down | -0.2% | percent | 2,060 | (3.58) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,762 | 11.20 | ||
| 30 Year Treasury | Down | (7) | Basis Points | 2.40 | Annual Yield | ||
| The Stoxx Europe 600 index jumped 1.8% to 370.55. That added to the 1.7% gain yesterday, after European Central Bank President Mario Draghi said the bank will buy 60 billion euros that’s $69 billion of public and private debt every month starting in March until at least September 2016. The move is aimed at supporting growth and increasing inflation expectations in the eurozone. | |||||||
| The initial reading of HSBC’s China manufacturing Purchasing Managers’ Index rose to 49.8 in January, that compared with the final 49.6 in December. Hong Kong’s Hang Seng Index gained 1.3% to 24,850.45, its best level in more than four months. The index climbed 3.1% for the week. The Shanghai Composite Index ended 0.3% higher, up for the fourth straight day. The index notched a weekly loss of 0.7%, due to its 7.7% plunge on Monday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-extend-qe-inspired-rally-2015-01-23 | |||||||
| http://www.marketwatch.com/story/chinese-stocks-rally-after-pmi-data-eurozone-easing-2015-01-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||