Morning Market Report 10/16/2012

October 16, 2012
The KUIK Morning Market Report for Tuesday, October 16:
Markets are up this morning.
Index Direction Change Units Last Time Change
Dow Up                    100 points             13,524 7:15 AM
S&P500 Up 0.7% percent               1,451              10.39 points
Nasdaq Composite Up 0.5% percent               3,080              15.79 points
30 Year Treasury Up                       6 Basis Points                 2.90 Annual Yield
The Federal Reserve reported industrial output is up. Output at factories, mines and utilities rose 0.4 percent in September after a 1.4 percent decline in August that was the largestt since March 2009. The economists expected a 0.2 percent rise. Manufacturing, which makes up 75 percent of the total, climbed 0.2   percent.
The Labor Department says consumer inflation is up. U.S. consumer prices jumped 0.6% in   September, mostly because of higher gas costs. Core prices rose a seasonally adjusted 0.1% for the third straight month.
 The National Association of Home Builders/Wells Fargo housing market index nudged up 1 point to 41, marking the highest level since June 2006. Economists polled by MarketWatch expected a slightly better 42.
Spain led European stock markets into positive territory with banks pushing higher Tuesday, after reports suggested the country is one step closer to making a formal bailout request.  The Stoxx Europe 600 index gained 0.5% to 272.05.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-10-16/u-s-stock-futures-are-little-changed-before-earnings.html
http://www.marketwatch.com/story/us-consumer-inflation-climbs-06-in-september-2012-10-16
http://www.marketwatch.com/story/oct-builder-sentiment-edges-up-to-six-year-high-2012-10-16
http://www.marketwatch.com/story/spain-leads-europe-stocks-up-on-bailout-chatter-2012-10-16
For today’s Morning Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
Shortlink->