| The KUIK Morning Market Report for Wednesday, January 8: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (78) | points | 16,453 | 7:02 AM | ||
| S&P500 | Down | -0.16% | percent | 1,835 | (2.97) | ||
| Nasdaq Composite | Up | 0.06% | percent | 4,156 | 2.64 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.91 | Annual Yield | ||
| ADP reports private sector employers added 238,000 jobs last month, the most since November 2012. They added an average of 224,000 jobs per month in the fourth quarter, slightly up from 211,000 a year earlier.For all of 2013, ADP says that private employers added 2.16 million jobs, up from 1.96 million in 2012, but down from 2.5 million in 2011. | |||||||
| it sounds like unemployment is better in the US than Europe. Eurostat reports unemployment there was at 12.1% in November, up from 11.8% in 2012. However rates show a wide range with Austria the lowest, at 4.8%, and Greece the highest, at 27.4%. | |||||||
| Markets are waiting on the Fed. It will release the minutes from the Dec. 18 meeting of the Federal Open Market Committee at 11 am Pacific Time. The Fed announced a $10 billion reduction in the central bank’s bond purchase program, cutting it to a $75 billion-a-month pace starting in January. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-hiring-strongest-in-more-than-a-year-2014-01-08 | |||||||
| http://www.marketwatch.com/story/euro-zone-unemployment-stays-unchanged-at-121-2014-01-08 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/01/07/fed-minutes-adp-jobs-data-clues-about-tapering-and-labor-market/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||