| The KUIK Market Update for Monday, December 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (55) | points | 17,773 | 8:11 AM | ||
| S&P500 | Down | -0.8% | percent | 2,052 | (15.57) | ||
| Nasdaq Composite | Down | -1.3% | percent | 4,731 | (60.34) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.91 | Annual Yield | ||
| Manufacturing is slowing down in Europe. Activity in its three-largest economies: Germany, Italy and Francem 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 Germany, Europe’s largest economy fell to 49.5, the lowest in 17 months. New orders and export orders both fell, and manufacturers cut their prices for the third straight month. | |||||||
| Lawmakers returning to Capitol Hill today will have less than two weeks to to keep the government funded during a fight between Republicans and the White House over immigration. With government funding set to expire December 11, Democrats and Republicans hope to pass an omnibus measure that will tie together tailored spending bills to fund the government through September 2015, the end of the federal government’s fiscal year. GOP leaders, vowing to avoid a repeat of last fall’s partial government shutdown, want to finish 2014 business so they can begin the new year by by passing Republican sponsored legislation. | |||||||
| 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/funding-deadline-awaits-congress-2014-12-01 | |||||||
| For today’s Market Update Report click to listen-> | |||||||