Morning Market Report 7/24/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Tuesday, July 24.
Markets are down this morning.
Index Direction Change Units Last 8:15 AM
Dow Down                    (91) points             12,639
S&P500 Down -0.65% percent               1,342
Nasdaq Composite Down -0.42% percent               2,878
30 Year Treasury Down                     (1.8) basis points               2.50
Manufacturing activity in China for July was its strongest since February.  The HSBC preliminary China   Purchasing Managers’ Index rose to 49.5 out of 100, but is up from the final PMI reading of 48.2 in June.
Moody’s  yesterday cut its outlook on Germany’s triple-A credit rating to negative from stable, citing risks as European policy makers respond to an increasingly dangerous euro-zone debt crisis. Moody’s also downgraded to the Netherlands and Luxembourg, leaving only   Finland with a stable outlook.
Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/hsbc-china-manufacturing-pmi-495-vs-482-2012-07-23-2391532
http://www.marketwatch.com/story/moodys-core-warning-flags-yield-chasing-risks-2012-07-24?dist=lcountdown
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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