Market Update Report 5/4/2015 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, May 4:

Markets are up.

Index	Direction	Change	Units		Time	Change
Dow	Up	73	points	18,097	8:02 AM
S&P500	Up	0.4%	percent	2,117		8.79
Nasdaq Composite	Up	0.5%	percent	5,028		22.33
30 Year Treasury	Unchanged	–	Basis Points	2.83	Annual Yield

European stocks rose today, recovering from one of the worst weeks in months, supported by robust manufacturing data across the region. Germany’s DAX 30 and France’s CAC 40 opened lower but traded up 1.4% and 1.1% respectively. Data firm Markit surveys more than 3,000 manufacturers across the eurozone, said its purchasing managers index was at 52.0 for April, down from 52.2 in March, but still higher than the 51.9 previously estimated.

The Commerce Department reports orders for goods produced in U.S. factories rose 2.1% in March. Economists expected 2.4% after a revised 0.1% Drop in February. Orders not including transportation were unchanged in March. Orders for durable goods which are products meant to last at least three years jumped 4.4% in March. But orders for nondurable goods such as processed foods fell 0.3%.

In China, the HSBC manufacturing Purchasing Managers Index fell to a final reading of 48.9 in April down from 49.6 in March. It was the lowest level since April 2014’s reading of 48.1 and below the 50 level that separates expansion from contraction.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/european-stocks-edge-lower-with-uk-market-closed-2015-05-04
http://www.marketwatch.com/story/us-factory-orders-climb-21-in-march-2015-05-04
http://www.marketwatch.com/story/hsbcs-china-factory-gauge-shows-weakness-in-april-2015-05-03


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