| The KUIK Morning Market Report for Monday, January 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 15 | points | 16,486 | 7:00 AM | ||
| S&P500 | Down | -0.02% | percent | 1,831 | (0.41) | ||
| Nasdaq Composite | Down | -0.30% | percent | 4,119 | (12.48) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.91 | Annual Yield | ||
| China is showing signs of slowing. Four of the purchasing managers’ indices–two compiled by the government and two by HSBC –all dropped last month, the first time since April. The HSBC Services PMI, fell to 50.9 for December, compared with November’s 52.5. Aove 50 indicates expansion. China looks set for gross domestic product growth of about 7.6% in the final quarter of 2013, down from 7.8% in the third. That slowdown partly reflects tightening credit s as China’s central bank tries to bring a rapidly growing debt bubble under control. | |||||||
| The Stoxx Europe 600 index gave up small early gains to trade 0.3% lower after the euro-zone services purchasing managers index for December came in at 51.0, in line with estimates. | |||||||
| Tokyo led Asian indexes lower as strength in the yen, which had bounced back against the dollar over the three-day new year holiday in Japan, weighed on the country’s exporters. The Nikkei lost 2.4%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinese-economy-shows-signs-of-slowdown-2014-01-06 | |||||||
| http://www.marketwatch.com/story/european-markets-edge-lower-after-pmi-data-2014-01-06 | |||||||
| http://www.marketwatch.com/story/european-markets-edge-lower-after-pmi-data-2014-01-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||