| The KUIK Morning Market Report for Monday, March 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 10 | points | 16,312 | 7:03 AM | ||
| S&P500 | Down | -0.16% | percent | 1,864 | (3.00) | ||
| Nasdaq Composite | Down | -0.55% | percent | 4,253 | (23.51) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.62 | Annual Yield | ||
| The initial US Markit Purchasing Managers Indexfell to 55.5 in March from 57.1 in February, but still showed improving conditions for manufacturers. Readings over 50 indicate growth. In March, output was mostly unchanded, new orders and employed dipped slightly. The drop in March comes after the index rose in February to the highest level in almost four years, helped by manufacturers catching up after the harsh weather in January. | |||||||
| The Stoxx Europe 600 index fell 0.5% to 326.34, giving up part of last week’s1.8% gain which was the first weekly advance in nearly a month. The composite purchasing managers’ index for the euro zone came in at 53.2 for March, down slightly from February’s53.3 but still showing the ninth-straight month of gain. Russian stocks measured by the Micex Index fell less than 1 point to 1,305, sitting with a year-to-date drop of 13% as investors fled the market in response to Russian forces occupying Ukraine’s southern Crimea region. President Obama arrived in Europe today, and will spend part of his week-long trip urging European allies to enact tougher sanctions against Russia. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-flash-markit-pmi-falls-to-555-n-march-2014-03-24 | |||||||
| http://www.marketwatch.com/story/europe-stocks-sag-after-downbeat-chinese-german-data-2014-03-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||