| The KUIK Market Update for Friday, August 29: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (27) | points | 17,053 | 7:47 AM | ||
| S&P500 | Up | 0.0% | percent | 1,997 | 0.69 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,565 | 7.27 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.07 | Annual Yield | ||
| The University of Michigan/Thomson Reuters consumer-sentiment index hit a final August reading of 82.5, compared with July’s final of 81.8. Economists expected 80.1. Consumers’ views on current economic conditions rose this month, while their expectations about the future fell. | |||||||
| The Chicago Purchasing Managers Index for August surged to a reading of 64.3up from 52.6 in July, recovering all the ground lost last month. Components for production, new orders and order backlogs all rose, according to MNI Indicators. Economists polled by MarketWatch expected of 57.5. Any reading above 50 indicate expansion. | |||||||
| Inflation in the euro zone fell to an almost five-year low of 0.3% in August, down from 0.4% in July, according to preliminary data from Eurostat. That met expectations and brings the currency union one step closer to deflation. The threat of falling consumer prices has recently raised calls for the European Central Bank to launch more easing measures, and ECB President Mario Draghi hinted last week at a full-on quantitative easing program to avert deflation. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-bounces-in-august-2014-08-29?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/chicago-pmi-surges-to-643-in-august-regaining-lost-ground-2014-08-29?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/euro-zone-inflation-drops-to-five-year-low-at-03-2014-08-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||