The KUIK Morning Market Report for Tuesday, January 24:
Market are up.
Index
Direction
Change
Units
Time
Dow
Up
16
points
19,817
6:57 AM
S&P500
Up
0.1%
percent
2,268
Nasdaq Composite
Up
0.2%
percent
5,564
30 Year Treasury
Up
2
Basis Points
3.01
Annual Yield
Japanese Prime Minister Shinzo Abe said to he would continue to advocate for free trade, and officials said they hadn’t given up on the Trans-Pacific Partnership despite President Trump’s decision to withdraw from the deal. A government spokesman said it was “meaningless” to have the TPP without the U.S., and Tokyo wasn’t considering revising it while excluding Washington.
IHS Markit said its composite Purchasing Managers Index for the eurozone’s manufacturers and service providers, based on a survey of 5,000 companies, fell to 54.3 in January from 54.4 in December. Readings above 50.0 indicate increasing activity. Figures for economic activity in the fourth quarter of 2016 will be released Jan. 31. Germany’s economy appears to have slowed. It its fell to 54.7 from 55.2 in December, hitting a four-month low.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
