| The KUIK Morning Market Report for Wednesday, February 4: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 17 | points | 17,684 | 7:07 AM | ||
| S&P500 | Down | -0.3% | percent | 2,045 | (5.49) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,710 | (17.80) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.41 | Annual Yield | ||
| Gains in private-sector employment decelerated in January as employers added 213,000 jobs, according to ADP. ADP revised December’s gain to 253,000 up from a prior estimate of 241,000. The Labor Department’s January employment report will be released Friday and includes both government jobs and the private sector. | |||||||
| The People’s Bank of China today cut its reserve-requirement ratio for banks by 0.5%, to boost lending to businesses and bolster the economy. The central bank said the ratio for most banks will fall to 19.5% after the cut takes effect. Metals rose after the news, with April gold trading $7.90 higher at $1,268.20 an ounce. The Australian dollar is seen as a China proxy, it rose against most other currencies after the move. | |||||||
| Oil is down after several big up days. March crude is off 4.4%, to $50.71 a barrel on the New York Merc. The American Petroleum Institute reports crude oil supply for the week ended January 30 was up by 6.1 million barrels, compared to a consensus forecast for a rise of just 2.8 million barrels, according to Platts. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-213000-jobs-in-january-adp-2015-02-04 | |||||||
| http://www.marketwatch.com/story/chinas-central-bank-cuts-reserve-ratio-for-banks-2015-02-04 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-76960/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||