| The KUIK Market Update for Monday, December 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 11 | points | 16,032 | 8:00 AM | ||
| S&P500 | Up | 0.23% | percent | 1,809 | 4.09 | ||
| Nasdaq Composite | Up | 0.25% | percent | 4,073 | 10.21 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.87 | Annual Yield | ||
| The Washington Post reports a budget deal being finalized by House and Senate negotiators will partially repeal the sequester, and raise federal spending to about $1.015 trillion in fiscal 2014 and 2015. But the deal will do nothing to cut the U.S. national debt, which is now more than $17 trillion. | |||||||
| German industrial production unexpectedly dropped for a second month in October, signaling an uneven recovery in Europe’s largest economy. Seasonally adjusted output decreased 1.2 percent from September, when it fell a revised 0.7 percent, according to the Economy Ministry in Berlin. Economists predicted a gain of 0.7 percent. Production climbed 1 percent from a year earlier when adjusted for working days. The Stoxx Europe 600 indexfell 0.1% to 316.08 after last week’s 2.7% loss | |||||||
| Investors are looking to Asia, where Chinese trade data spurred optimism about the global economic recovery. Exports rose 12.7% in November, ahead of both October’s 5.6% and analyst expectations. Meanwhile, inflation for the same month came in at 3%, slightly below forecast. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/12/09/emerging-budget-deal-wont-trim-u-s-debt-plus-more-monday-must-reads/ | |||||||
| http://www.bloomberg.com/news/2013-12-09/german-industrial-production-unexpectedly-fell-in-october.html | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-after-china-trade-data-2013-12-09?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||