| The KUIK Market Update for Friday, February 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (11) | points | 17,974 | 7:58 AM | ||
| S&P500 | Down | -0.2% | percent | 2,094 | (3.29) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,927 | 2.34 | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.69 | Annual Yield | ||
| European finance ministers are meeting in Brussels to discuss the latest proposal from Greece on extending its loan agreement. The request was submitted yesterday, but rejected by Germany, which said it was not a “substantial proposal for a solution”. European markets were mixed ahead of the meeting, with Greece’s Athex Composite index 0.8% to 863.68. | |||||||
| Gold rose on anxiety over Greece, April gold is up 0.4%, to $1,212.70 an ounce on the Comex. | |||||||
| The initial reading of the Markit manufacturing purchasing managers index edged higher in February to 54.3 up from 53.9 in January, highest reading since November. However, details were weak. New orders slowed to the low rate in just over a year and Markit reported there was “near-stagnation” of exports. Readings above 50 indicates improving conditions, but the rate of growth is far down from last year’s peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-boosted-by-greek-anxiety-but-still-set-for-weekly-drop-2015-02-20?mod=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/gold-boosted-by-greek-anxiety-but-still-set-for-weekly-drop-2015-02-20?mod=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-rises-to-543-in-february-2015-02-20-9915147 | |||||||
| For today’s Market Update Report click to listen-> | |||||||