| The KUIK Morning Market Report for Wednesday, September 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (37) | points | 16,294 | 6:52 AM | ||
| S&P500 | Down | -0.2% | percent | 1,939 | (3.83) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,744 | (12.53) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.96 | Annual Yield | ||
| Things are still slowing in China. The preliminary Caixin China Manufacturing Purchasing Managers’ Index, which measures nationwide manufacturing activity, fell to 47.0 in September, down from 47.3 in August. That is the lowest since March 2009, when China was dealing with the global financial crisis. Reading above 50 indicates expansion. The Shanghai Composite Index closed down 2.2% to 3116. | |||||||
| In Europe, Markit said its composite purchasing managers index, a measure of activity in both the manufacturing and services sectors, fell to 53.9 in September, but new orders reached a five-month high. The Stoxx Europe 600 moved up 0.7% to 349.22 with all sectors higher. | |||||||
| Oil prices gained today, bouncing back after initially sliding in the wake of that disappointing Chinese data. November crude is up almost 0.4% to $46.50 on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-factory-gauge-reaches-new-low-in-september-2015-09-23 | |||||||
| http://www.marketwatch.com/story/european-stocks-move-higher-after-eurozone-pmi-data-2015-09-23?dist=beforebell | |||||||
| http://www.marketwatch.com/story/oil-prices-fall-on-downbeat-chinese-manufacturing-data-2015-09-23-11032644 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||