| The KUIK Morning Market Report for Wednesday, April 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (172) | points | 17,605 | 6:59 AM | ||
| S&P500 | Down | -0.9% | percent | 2,050 | (17.62) | ||
| Nasdaq Composite | Down | -1.1% | percent | 4,847 | (53.70) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.50 | Annual Yield | ||
| Private sector employers added 189,000 jobs in March according to Automatic Data Processing. ADP revised February’s gain slightly to 214,000 up from 212,000. This was the smallest monthly gain since January 2014. The Labor Department’s employment report will be released Friday. It covers government jobs and the private sector. Economists expect nonfarm payrolls rose by a 252,000 jobs in March, down from 295,000 in February. | |||||||
| China needs reforms before its currency meets International Monetary Fund standards, according to Treasury Secretary Jacob Lew. Getting the IMF seal of approval would boost China’s efforts for the yuan to be used in foreign trade. He said in a speech at the Asia Society in San Francisco: “If China wants [its currency] to increasingly be an international currency…China will need to successfully complete difficult fundamental reforms, such as capital account liberalization, a more market-determined exchange rate, interest rate liberalization, as well as strengthening of financial regulation and supervision.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-189000-jobs-in-march-adp-2015-04-01-8912056 | |||||||
| http://www.marketwatch.com/story/china-needs-more-reforms-before-currency-meets-imf-standards-lew-2015-03-31 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||