| The KUIK Market Update for Friday, March 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (23) | points | 16,086 | 8:04 AM | ||
| S&P500 | Down | -0.13% | percent | 1,844 | (2.41) | ||
| Nasdaq Composite | Down | -0.25% | percent | 4,250 | (10.68) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.58 | Annual Yield | ||
| The University of Michigan Thomson Reuters consumer sentiment index fell to 79.9 this month from a final February level of 81.6, and economists expected 80.8. Analysts watch consumer sentiment for the direction of consumer spending. Earlier this week, the government reported that retail sales rose in February, the first increase in three months. Opposing forces are working on consumers. The government’s most recent report on jobs showed solid employment growth . But rising gas prices and concern over action in Ukraine may be making consumers gloomier | |||||||
| Banks are cutting China’s growth forecasts. For 2014 as a whole, Merrill Lynch is calling for GDP to rise 7.2%, down from their earlier projection of 7.6%, but do not see a hard landing for the Chinese economy. Nomura cut its forecast 7.3% year-on-year from 7.5%. | |||||||
| European stock markets traded with broad-based losses, on continuing tension in Ukraine and worries about slowing economic growth in China. The Stoxx Europe 600 index dropped 0.8% to 322.07, for a 3.3% decline for the week, the biggest weekly loss since last June. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-gauge-lowest-in-four-months-2014-03-14 | |||||||
| http://blogs.marketwatch.com/thetell/2014/03/14/big-investment-banks-rush-to-cut-china-growth-forecasts/ | |||||||
| http://www.marketwatch.com/story/europe-stocks-slide-for-third-day-ahead-of-ukraine-vote-2014-03-14?link=MW_Nav_MA | |||||||
| For today’s Market Update Report click to listen-> | |||||||