Morning Market Report 12/26/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, December 26:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	67	points	16,425	7:00 AM
S&P500	Up	0.22%	percent	1,837		4.05
Nasdaq Composite	Up	0.09%	percent	4,159		3.82
30 Year Treasury	Up	1	Basis Points	3.91	Annual Yield

The Labor Department reports initial claims for unemployment benefits fell by 42,000 in the week that ended Dec. 21 to 338,000, below a consensus forecast of 345,000. This is the biggest drop since November 2012.

The Nikkei Average rose as much as 1.1% early Thursday before falling back to trade up 0.7% from its previous close, to 16,124. The Japanese government rand the Bank of Japan released two upbeat reports on the state of the Japanese economy earlier in the week. Prime Minister Shinzo Abe said Wednesday in an interview with the Nikkei newspaper that he would announce a new reform agenda in June which would include measures to bring more women into work.

China’s Shanghai Composite dropped 1.1% to 2,083 ending a three-day recovery as investors reacted negatively to a lack of additional cash infusions from the central bank, used last week to calm a spike in interbank lending rates that has eroded investor confidence.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/weekly-jobless-claims-fall-by-most-in-a-year-2013-12-26
http://www.marketwatch.com/story/asia-stocks-rise-with-nikkei-average-above-16000-2013-12-25
http://www.marketwatch.com/story/asia-stocks-rise-with-nikkei-average-above-16000-2013-12-25


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