Market Update Report 2/12/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, February 12:

Markets are mixed.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(28)	points	15,967	8:02 AM
S&P500	Up	0.01%	percent	1,820		0.14
Nasdaq Composite	Up	0.17%	percent	4,198		7.00
30 Year Treasury	Up	3	Basis Points	3.72	Annual Yield

James Bullard, the president of the St. Louis Federal Reserve Bank, said today that recent weak economic data have not hurt his optimism about the economy. He thinks it will grow at 3% or better. He his remarks at a panel sponsored by the European-American Chamber of Commerce,.

Bank of England Governor Mark Carney today launched what he described as phase two of his forward-guidance policy, as the central bank’s forecasts show the British economy is expanding faster than expected. The bank nowexpects that the U.K. economy will grow by 3.4% this year, faster than November’s 2.8% forecast.

Australia is getting ready sales down under. Australia plans to sell 130 billion Australian dollars ($117.5 billion) in assets ranging from health insurers to electricity poles. It wants to set an example to cash-strapped governments around the world that need new funds to boost their economies. Treasurer Joe Hockey will chair a meeting of finance ministers and central bankers from the Group of 20 nations. He said Australia’s conservative government was finalizing a deal with state counterparts to prioritize assets and businesses that could be sold to private investors.



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

http://www.marketwatch.com/story/feds-bullard-optimism-not-deterred-by-weak-data-2014-02-12?link=MW_Nav_EP
http://www.marketwatch.com/story/bank-of-england-raises-uks-economic-growth-outlook-2014-02-12
http://www.marketwatch.com/story/australia-readies-more-than-100-billion-in-asset-sales-2014-02-12


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