| The KUIK Morning Market Report for Monday, December 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (83) | points | 17,745 | 7:06 AM | ||
| S&P500 | Down | -0.6% | percent | 2,055 | (13.04) | ||
| Nasdaq Composite | Down | -0.9% | percent | 4,751 | (41.04) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.89 | Annual Yield | ||
| Manufacturing is slowing down in Europe. Activity in its three-largest economies fell for the first time since mid 2013, increasing pressure on the European Central Bank to step up its stimulus campaign. Markit’s monthly survey of manufacturing purchasing managers of 3,000 companies fell to 50.1 from 50.4 in October. The index for Germany, Europe’s largest economy fell to 49.5, the lowest in 17 months. Activity in the French and Italian manufacturing sectors fell before November. New orders and export orders both fell, and manufacturers cut their prices for the third straight month. | |||||||
| China’s official purchasing manager’s index fell to 50.3 in November down from 50.8 in October, according to the National Bureau of Statistics. Lowest level since March and below expectations of economists polled by The Wall Street Journal. A reading above 50 indicates an expansion. That was slightly higher than the HSBC Markit index which came in at 50.0, a six-month low, down from October’s 50.4. China shares rose in trading as investors bet that the weak numbers would prompt China’s central bank to cut interest rates further. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/eurozones-manufacturing-growth-grinds-to-a-halt-2014-12-01 | |||||||
| http://www.marketwatch.com/story/chinas-economy-shows-further-weakness-2014-11-30-23485320 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||